{"id":80198,"date":"2021-10-01T16:33:16","date_gmt":"2021-10-01T11:33:16","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=80198"},"modified":"2021-10-01T17:29:05","modified_gmt":"2021-10-01T12:29:05","slug":"adb-provide-usd-6-billion-pakistan-3-years","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/adb-provide-usd-6-billion-pakistan-3-years.html","title":{"rendered":"ADB to provide USD 6 bn to Pakistan over 3 years"},"content":{"rendered":"\n<p>Islamabad: The Asian Development Bank (ADB) Country Director for Pakistan Yong Ye on Thursday (September 30) announced a 3-year financing initiative in Pakistan, news sources reported.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/adb-shikarpur-rajanpur-highway.html\" target=\"_blank\" rel=\"noreferrer noopener\">ADB approves funds to upgrade Shikarpur-Rajanpur highway<\/a><\/p>\n\n\n\n<p>Under the project, ADB will provide USD 2 billion for each of the 3 years to Pakistan for various sectors\u2019 development.\u00a0 Mr Ye said that the bank will also establish a single window to support various sectors of the economy. \u00a0 This plan was revealed by Country Director Ye during his meeting with Finance Minister Shaukat Tarin. The minister stated that the government is taking measures to secure long-term economic growth, emphasising efficiency, productivity, and meritocracy. He also informed Ye about the PKR 3.5 billion microfinance initiatives for youth under the <a href=\"https:\/\/www.zameen.com\/news\/kamyab-jawan-programme-launch.html\" data-type=\"post\" data-id=\"77969\" target=\"_blank\" rel=\"noreferrer noopener\">Kamyab Pakistan Programme (KPP)<\/a>.\u00a0<\/p>\n\n\n\n<p> <strong>Read:<\/strong>  <a href=\"https:\/\/www.zameen.com\/news\/adb-predicts-4-growth-rate.html\" target=\"_blank\" rel=\"noreferrer noopener\">ADB predicts Pakistan\u2019s 4% growth rate in FY22<\/a><\/p>\n\n\n\n<p>Minister Tarin also stated that the administration has implemented changes in 14 government sectors as recommended by the Economic Advisory Committee (EAC). He stated that <a href=\"https:\/\/www.zameen.com\/news\/adb-pledges-usd-284-mn-for-power-sector.html\" data-type=\"post\" data-id=\"45627\" target=\"_blank\" rel=\"noreferrer noopener\">reforms in the power sector<\/a> and effective collection of dues have strengthened the power industry and are likely to deliver more advantages to the entire economy. Mr Ye also informed the finance minister that ADB has approved USD 500 million for the vaccine programme of which USD 350 million have been already provided.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Asian Development Bank (ADB) Country Director for Pakistan Yong Ye on Thursday (September 30) announced a 3-year financing initiative in Pakistan, news sources reported.\u00a0 Read: ADB approves funds to upgrade Shikarpur-Rajanpur highway Under the project, ADB will provide USD 2 billion for each of the 3 years to Pakistan for various sectors\u2019 development.\u00a0 Mr Ye said that the bank will also establish a single window to support various sectors of the economy. \u00a0 This plan was revealed by Country Director Ye during his meeting with Finance Minister Shaukat Tarin. The minister stated that the government is taking measures to secure long-term economic growth, emphasising efficiency, productivity, and meritocracy. He also informed Ye about the PKR 3.5 billion microfinance initiatives for youth under the Kamyab Pakistan Programme (KPP).\u00a0 Read: ADB predicts Pakistan\u2019s 4% growth rate in FY22 Minister Tarin also stated that the administration has implemented changes in 14 government sectors as recommended by the Economic Advisory Committee (EAC). He stated that reforms in the power sector and effective collection of dues have strengthened the power industry and are likely to deliver more advantages to the entire economy. Mr Ye also informed the finance minister that ADB has approved&hellip;<\/p>\n","protected":false},"author":84,"featured_media":63438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[6445,48587],"persona":[],"class_list":{"0":"post-80198","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-adb","9":"tag-adb-to-provide-usd-6-billion-to-pakistan-over-3-years","10":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ADB to provide USD 6 bn to Pakistan over 3 years - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Asian Development Bank (ADB) Country Director for Pakistan Yong Ye on Thursday (September 30) announced a 3-year financing initiative in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/adb-provide-usd-6-billion-pakistan-3-years.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB to provide USD 6 bn to Pakistan over 3 years - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Asian Development Bank (ADB) Country Director for Pakistan Yong Ye on Thursday (September 30) announced a 3-year financing initiative in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/adb-provide-usd-6-billion-pakistan-3-years.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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