News

Pakistan launches expressway as part of ADB, DFID-supported economic corridors program

The E-35, also known as the Hazara Expressway, is part of the ADB/DFID’s Pakistan Economic Corridors Program to promote regional trade and economic growth in the country. The two institutions cofinanced the construction of the expressway for a total amount of $327 million.

ADB signs two loans with Pakistan to improve urban, transport sectors

The Asian Development Bank (ADB) and the Government of Pakistan signed two loans totaling $380 million for projects to help improve the country’s urban and transport sectors.

ADB sees chance for Pakistan to emerge as trade hub

The Asian Development Bank (ADB) has suggested that Pakistan should emerge as a centre of trade and commerce by removing barriers on its international borders as two continents – Asia and Europe – are rapidly growing. (The Express Tribune)

CAREC strategy 2030 launched: ADB to loan $2 billion for two railways projects

Asian Development Bank (ADB) will provide a loan of two billion dollars to Pakistan for the upgrades of two railway projects under the Central Asia Regional Economic Cooperation (CAREC) strategy 2030. (The News International)

ADB $800 million financing to help improve connectivity, trade in Pakistan

The Asian Development Bank’s (ADB) Board of Directors has approved a $800 million multitranche financing facility to help enhance regional connectivity and trade in the CAREC corridors in Pakistan. The investment program will expand Pakistan’s regional connectivity links while helping to improve road traffic efficiency

What [People’s Republic of] China’s ‘Belt and Road Initiative’ means for the Western Balkans

The European Bank for Reconstruction and Development has commissioned an independent report on the development of the Balkan Silk Road.

ADB, AFD approved over $400 million to accelerate energy reforms in Pakistan

The Asian Development Bank (ADB) and the Agence Francaise de Development (AFD) have approved over $400 million in loans to support Pakistan’s efforts to provide a more reliable and secure energy sector. (Photo credit: ADB)

New ADB Pakistan country director assumes office

The Asian Development Bank (ADB) has appointed Xiaohong Yang as new Country Director for Pakistan. Ms. Yang, who assumed office on April 24, 2017, is the first woman to head ADB’s resident mission to the country.

World Bank and AIIB sign cooperation framework

The memorandum of understanding provides an overall framework for cooperation between the World Bank Group and the Asian Infrastructure Investment Bank (AIIB) in common areas of interest, including development financing, staff exchanges, and analytical and sector work.

CAREC aviation officials discuss regional air cooperation

Aviation officials and airline representatives from 11 member countries of the CAREC Program met in Singapore to discuss potential for enhanced regional air transport connectivity and cooperation.