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Dawn
14/12/18

Short Description
ADB unveils $7.5bn business plan for Pakistan

Detail Description
The Asian Development Bank (ADB) on Thursday announced its new ‘Country Operations Business Plan for Pakistan’ covering 2019-21, under which resources would be available for sovereign lending programme amounting to $7,528 million. These resources will be available during the three year period in energy, transport, agriculture, natural resources and rural development, water and other urban infrastructure and services, according to the business plan document.Besides the new plan, ADB on Thursday signed a loan agreement with the government, worth $284m to improve the country’s power transmission network.The indicative resources available during this period for sovereign operations amount to $5,712.1m, comprising $4,290.0 for regular ordinary capital resources lending and $1,422 for concessional lending.The concessional lending includes a carryover of $600m from 2018. The non-lending programme for 2019-21 is $21.7m, including transaction technical assistance for various pipeline projects.
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