Pakistan Government Slashes Development Spending to Rs837 Billion to Meet IMF Targets
The federal government has reduced the Public Sector Development Programme by Rs172.8 billion to manage fiscal pressures and fulfill IMF primary surplus requirements.
ADB Issue Final Deadline for 360 Million Dollar CAREC Infrastructure Loan
The Asian Development Bank sets an April 5 deadline for Pakistan’s NHA to finalize the 360 million dollar CAREC Tranche-III project or risk losing vital funding.
ADB Warns $360M Carec Tranche-III Loan May Expire as NHA Faces Road Project Delays
Asian Development Bank cautions that $360 million allocated for Carec Tranche-III highway project could lapse by 2027 due to delays in NHA road construction and procurement controversies.
Pakistan, ADB Sign $730 Million Deals for Power Transmission and SOE Reforms
Pakistan and the Asian Development Bank sign agreements worth $730 million for power transmission strengthening and state-owned enterprise reforms, aiming to improve energy reliability, infrastructure resilience, and operational efficiency.