A family takes refuge on a higher ground following rains and floods during the Mousson season in Dera Allah Yar, District Jaffrabad, Balutchistan, August 25, 2022. – Reuters The grant agreement was signed on September 16, 2022. The amount was intended to buy items for flood victims. Use of funds for other unjustified purposes. Islamabad: … Read more
A man reads the newspaper while selling betel leaves, cigarettes and sweets at a shop in Karachi. — Reuters/File A useful monetary policy to support economic activity: report. Forecasts weaken agricultural growth due to heavy rains. Wheat and Cotton Expected to Perform Poorly in FY2025. ISLAMABAD: The Asian Development Bank (ADB), in its recent publication, … Read more
An image of the headquarters of the Asian Development Bank (ADB). — AfDB Website/File ISPDP funding aims to reduce poverty among vulnerable women and families. Additional funding strengthens BISP’s capacity for climate resilience measures. The ADB has committed $52 billion to Pakistan since 1966 for economic development. The Asian Development Bank (ADB) has approved additional … Read more
A worker walks past the headquarters of the Asian Development Bank (ADB) in this file photo. -Reuters Influx to help increase the country’s import coverage and stabilize the rupee. Aims to foster Pakistan’s perseverance in the face of disasters. The SBP’s foreign exchange reserves stood at $11.42 billion as of November 22. The central bank … Read more
Secretary of the Ministry of Economic Affairs, Dr. Kazim Niaz, and ADB Country Director, Ms. Emma Fan, signed the loan agreement in a ceremony attended by senior officials of the government and the ADB. —APP Program to stimulate inclusive investments in disaster risk mitigation. Agreement signed after the nod from Minister of Economic Affairs … Read more