Tue, 21-Oct-2025

Pakistan, ADB sign $1.54 billion projects to improve energy, transport, other sectors

ADB

ISLAMABAD: The Pakistan government and the Asian Development Bank (ADB) on Wednesday signed loans and grant agreements amounting to $1.54 billion to improve energy, transport, irrigation, and urban sectors. ADB country director Yong Ye and Economic Affairs Division secretary Mian Asad Hayaud Din signed the agreements. The projects were approved by the ADB board of … Read more

Germany to provide €13.5 million for afforestation Programme

ISLAMABAD: The Ministry of Economic Affairs and German bank signed a financing agreement for Phase-1 of billion tree afforestation support programme, a statement said on Friday. The Country Director of KfW Development Bank, Sebastian Jacobi and Secretary Economic Affairs Division, Mian Asad Hayaud Din signed the agreement in Islamabad, it added. Germany will provide a … Read more

Minister commends Chinese govt for hosting joint economic committee session

economic

ISLAMABAD: Federal Minister for Economic Affairs Omar Ayub Khan commended the government of China for hosting the 15th session of the Joint Economic Committee (JEC) on economic, trade, scientific and technical cooperation after a gap of 11 years. The virtual meeting of the JEC was co-chaired by Ren Hongbin, vice minister of China and Mian … Read more