Pakistan and ADB
In the Spotlight
ADB has approved a new country partnership strategy (CPS) with Pakistan for 2015-2019 with a provisional assistance package of at least $1.2 billion a year on average, which will focus on infrastructure upgrades and institutional reforms.
ADB has approved assistance of over $220 million to help Pakistan rebuild and upgrade roads, bridges and other high-priority infrastructure damaged by the devastating 2014 floods.
After a catastrophic earthquake in Pakistan, swift action by ADB and other development partners led to one of the most successful recovery efforts ever undertaken.
ADB is providing loan assistance of up to $65 million for a new private sector hydropower project in Pakistan which will continue the country’s drive to overcome power shortages, and strengthen its energy security. (Photo: Ghazi Barotha Hydropower Project-7 by James Hutcheson)
Pakistan's economy is showing signs of recovery underpinned by falling global oil prices and the expected uptick in regional economic growth, ADB says in a major new report.
ADB has approved a $30 million project loan to Engro Elengy Terminal Private Limited, a special purpose company which will build Pakistan’s first liquefied natural gas (LNG) regasification terminal.
ADB has assisted the Government of Pakistan in undertaking critical economic and governance reforms, which contributed to steady economic growth and boosted spending on poverty reduction programs.
Assistance from ADB has helped to strengthen Pakistan’s social and environmental safeguards, integrate environmentally sustainable measures into government projects and programs, and strengthen public communication and information sharing with partners.
Today, ADB remains one of Pakistan’s largest development partners, having provided more than $25 billion in loans, as well as more than $200 million in grants, as of 31 December 2014. This funding has included 316 loans to improve Pakistan’s infrastructure and services, and to support reforms.
Projects in Pakistan
- National Highway Development Sector Investment Program - Tranche 2
- Support for Efficient Structuring of Public-Private Partnership in Punjab and Sindh Provinces
- Capacity Building for Enhanced Safeguards Management
- Federally Administered Tribal Areas Water Resources Development Project
- Karachi Port Trust