The Asian Development Bank (ADB) and Pakistan Wednesday signed an agreement to invest $ 99.1 million in improving water supply, sanitation, and solid waste management facilitates of 8 smaller cities in Sindh province, the ADB said. Werner E. Liepach, ADB’s Country Director for Pakistan and Muhammad Shahzad Arbab, Secretary Economic Affairs Division (EAD), Government […]
International Monitory Fund (IMF) mission in Pakistan chief Jeffrey Frank said the IMF cannot write off or restructure Pakistan’s loan. While speaking to the media, Frank said Pakistan has not formally sought a new program, adding that if they did want to seek a new program their economic strategy must radically change as losses […]
The Supreme Court expressed astonishment over absence of record about Taquir Sadiq, saying that how could the case be heard properly if the law enforcement agencies were acting in complicity with the accused. A three-judge bench of the apex court headed by Justice Khawaja, resumed hearing the Oil and Gas Regulatory Authority (OGRA) scam […]
Jan 2 2013 | Posted in
National,
Pakistan |
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The Asian Development Bank (ADB) funded 56.4 megawatts wind power project Jhampir is expected to start generating electricity from next month as the implementing company has completed all necessary work in this regard. This is in addition to the project of Fauji Fertiliser Company Energy Limited (FFCEL) that is likely to become operational from […]
Dec 20 2012 | Posted in
Pakistan,
Society |
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Federal Finance Minister Dr Abdul Hafeez Shaikh on Tuesday said that the United States will reimburse $600 million under coalition support fund (CSF) in few weeks. Speaking to a private TV channel, the finance minister said his talks with World Bank, IMF and American officials were quite effective. He further stated that during his […]
Dec 11 2012 | Posted in
National,
Pakistan |
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Chief Justice Iftikhar Muhammad Chaudhry on Saturday said that the Constitution of Pakistan does not articulate the issue of environmental protection and preservation in any of its provisions. He was addressing the inaugural session of a two-day “South Asia Conference on Environmental Justice” in Bhurban. He said that the superior courts of Pakistan have interpreted […]
Asian Development Bank issues a grant of $513 million to Pakistan for development projects Wednesday, January 18, 2012: Pakistan has signed two exclusive agreements with Asian Development Bank (ADB) according to which the country will receive a grant of $513 million for the purpose of building a new barrage and improving the deteriorating transmission systems. […]
Jan 19 2012 | Posted in
Business,
Pakistan |
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Senate body demands resignation of Communication Minister Dr. Arbab Alamgir The Senate Standing Committee on Communication Thursday flayed severe criticism on Minister for Communication Dr Arbab Alamgir Khan, asking him to tender the resignation over poor performance of the ministry for last four years. A meeting of the committee held in Parliament House with Senator Wali Muhammad […]
Jan 6 2012 | Posted in
Pakistan,
Politics |
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The Asian Development Bank (ADB) granted Rs. 261 million to Pakistan to help the rehabilitation processes for the recent flood-affected people in the province of Sindh and Balochistan on Thursday. The donation was granted from the Asia-Pacific Disaster Response Fund, which will assist the National Disaster Management Authority (NDMA) to provide food, drinking water, medicines […]
Oct 29 2011 | Posted in
Business |
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Asian Development Bank earmarks Rs261 million for the flood victims of Pakistan The Asian Development Bank on Thursday announced a grant of Rs261 million to support those people who were affected by monsoon rains and floods in southern Pakistan, a statement said on Thursday. Asian Development Bank’s country director for Pakistan Dr Werner Liepach, signed […]
Asian Development Bank to finance $36.8 million for wind farm in Pakistan Thursday, October 27: The Asian Development Bank (ADB) has revealed on their website that it is going to finance a loan of $36.8 million to Zorlu Enerji Electrik Uretim, a Turkish wind farm company, to help set up a privately owned wind farm […]
Oct 27 2011 | Posted in
Business,
Pakistan |
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