Pakistan and ADB
In the Spotlight
As a connecting link between Europe and East Asia, Central Asia is set to reap the benefits of burgeoning trade between the two economic giants.
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.
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