• Download the Constitution of Pakistan
  • Advertise
Friday, July 25, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Main

ADB announces to provide flood relief support to Pakistan

by News Publishing
October 6, 2022
in Main
Reading Time: 2 mins read
0
ADB announces to provide flood relief support to Pakistan
Share on FacebookShare on TwitterLinkedinWhatsapp

The Asian Development Bank has indicated that it will provide between $2.3 billion and $2.5 billion to Pakistan’s flood relief efforts, including $1.5 billion for the BRACE initiative.

This was confirmed by Yong Ye, the country director for the Asian Development Bank, who met with Mohammad Ishaq Dar, the federal minister of finance and revenue, on Wednesday in Islamabad.

During this month, the initiative, according to him, would be presented to the board of the Asian Development Bank for approval.

In addition to thanking the Finance Minister for taking office, the Country Director of the Asian Development Bank expressed regret for the loss of life and property caused by the devastating floods in Pakistan.

He was welcomed by Pakistan’s Finance Minister, Senator Mohammad Ishaq Dar, who also expressed gratitude for the Asian Development Bank’s assistance in promoting sustainable development in that country.

He informed the team of the damage brought on by recent floods in the nation and their effects on Pakistan’s economy. He claimed that the current administration’s pragmatic policy choices have guided the economy on the correct path.

Additionally, he provided information on current and upcoming Asian Development Bank projects in a variety of fields, such as social protection, food security, and the energy sector. It was mentioned that the Country Partnership Strategy for Pakistan 2021–25 is in line with the goals of the Pakistani government.

The Finance Minister expressed gratitude to Asian Development Bank’s delegation for their persistent support and assured them of full cooperation by the government for swift execution of the ongoing and future programs.

Tags: Asian development bankBRACE initiativeflood relief supportlatest
News Publishing

News Publishing

Related Posts

Pakistan, Russia sign Protocol to restore & modernize PSM

Pakistan, Russia sign Protocol to restore & modernize PSM

by News Publishing
July 11, 2025
0

Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing...

PSX soars to new high of over 133,000 points in intraday trade

PSX soars to new high of over 133,000 points in intraday trade

by News Publishing
July 7, 2025
0

July 8, 2025: The Pakistan Stock Exchange (PSX) continued its remarkable upward trend on Monday, as the KSE-100 index surged...

Pakistan, Azerbaijan sign $2billion investment agreement

Pakistan, Azerbaijan sign $2billion investment agreement

by News Publishing
July 5, 2025
0

Pakistan and Azerbaijan have signed an agreement for investment worth two billion dollars in diverse sectors of Pakistan's economy. The...

Petrol price increased by Rs8.36 per litre for next fortnight

Petrol price increased by Rs8.36 per litre for next fortnight

by News Publishing
July 1, 2025
0

The Finance Division has announced a significant increase in fuel prices, citing volatility in global crude oil markets. Effective from...

Petrol increase

Petrol Prices Likely to Rise by Rs5/Litre from July 1

by Anum Arif
June 30, 2025
0

ISLAMABAD: Prices of petroleum products in Pakistan are likely to rise by up to Rs5 per litre starting Monday, July...

Pakistan welcomes supplemental award by Court of Arbitration in Indus Waters matter

Pakistan welcomes supplemental award by Court of Arbitration in Indus Waters matter

by News Publishing
June 28, 2025
0

Pakistan has welcomed the Supplemental Award issued by the Court of Arbitration in the ongoing Indus Waters Treaty dispute, affirming...

Next Post
PM Shehbaz Sharif directs Ishaq Dar to resolve APTMA's issues

PM Shehbaz Sharif directs Ishaq Dar to resolve APTMA's issues

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters