Pakistan and ADB
In the Spotlight
The shareholders of TAPI Pipeline Company Limited have agreed on their respective shareholding percentages and initialed the Shareholders Agreement. TAPI Company Limited will build, finance, own and operate the planned 1,600 kilometer Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline.
A loan of over $197 million to rehabilitate 328 kilometers of highways will assist Pakistan's authorities develop a master plan to better manage current and future road traffic in the province of Sindh.
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 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