Whenever reforms or reorganization of the Federal Board of Revenue (FBR) is announced, it is most opposed by the officers. Syed Shabbar Zaidi, the last chairman who came from the…
Asian Development bank
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Food prices owing to weaker rupee, supply shortages will push Pakistan inflation: ADB
The Asian Development Bank (ADB) has warned that soaring prices in Pakistan will push South Asia’s inflation higher and projected 1.9 per cent growth rate for Pakistan in FY2024 (2023-24),…
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Pakistan has a history of turning to international financial institutions (IFIs) for a solution to its long-drawn tax issues. The World Bank, Asian Development Bank (ADB), IMF, and the UK’s…
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After a harrowing year of skirting the edges of a catastrophic default, some good news has finally arrived as the International Monetary Fund (IMF) announced it has reached an agreement…
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The Asian Development Bank (ADB) has suggested Pakistan to provide targeted subsidies to mitigate inflationary pressure on people; bring about necessary structural reforms and enhance tax-to-GDP ratio to come out…
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Asian Development Bank (ADB) President Masatsugu Asakawa said Tuesday that Pakistan was taking ‘quick’ required stabilisation measures by containing spending, enhancing tax revenues and improving the financial sustainability of the…
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The Asian Development Bank (ADB) has revealed in its new report that Pakistan’s economic growth is expected to slow significantly to 0.6 per cent in FY23 from 6pc in the…
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Asian Development Bank (ADB) on Wednesday declared Pakistan as the second most expensive country in the South Asian region. The Asian Development Bank (ADB) has released its outlook for the…
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The Asian Development Bank (ADB) Tuesday announced plans to provide at least $14 billion over 2022–2025 in a comprehensive program of support to ease a worsening food crisis in Asia…
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The Asian Development Bank (ADB) provided $1.31 billion to Pakistan in terms of loan and grant during last year (2021), which was comprised $0.3 billion in program lending, $1.01 billion…
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Pakistan is expected to receive $10 billion from “friendly countries” and global lenders this fiscal year, Finance Minister Miftah Ismail said on Saturday, days after the South Asian nation reached…
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The Asian Development Bank (ADB) here on Thursday indicated to provide additional support of $ 2.5 billion to Pakistan for the next fiscal year, out of which $1.5-2 billion could…
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Business
ADB commits $3.23 bn for Pakistan in 2021 to boost pandemic response, promote green recovery
The Asian Development Bank (ADB) committed $3.32 billion in 2021 to help Pakistan tackle the immediate effects of the coronavirus disease (COVID-19) pandemic and promote a green recovery. Financial and…
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Trade ties with India: Can South Asian rival bridge the difference: Shafaqna Exclusive
On Monday, Abdul Razak Dawood, Advisor to the Prime Minister voiced his opinion on why Pakistan should resume trade with India after having discontinued it after the abrogation of Articles…
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Shafaqna Pakistan: Asian Development Bank disbursed US$1.78 billion to Pakistan in term of loan and grant during the year 2020, comprising $1.1 billion in program lending and $680.7 million from…
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Shafaqna Pakistan: Asian Development Bank has approved loans worth $1.733 billion for Pakistan in 2020 including $800 million to combat pandemic and $235 million for bus rapid transport system for…
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In a major relief to the ruling Pakistan Tehreek-e-Insaf, the Supreme Court has set aside a two-year-old Peshawar High Court (PHC) ruling that directed the National Accountability Bureau (NAB) to…
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Shafaqna Pakistan: The foreign exchange reserves held by the central bank declined 0.49% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.…
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Shafaqna Pakistan:In a recently-released report, the Asian Development Bank (ADB) estimated that as many as 2.3 million young people in Pakistan may have lost their jobs during the six-month lockdown…
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Around 3.7 million Pakistani youth are likely to be unemployed in the next three to six months because of the COVID-19 pandemic, the Asian Development Bank predicted in a recent…