Pakistan Signs $200 Million Loan Agreement with ADB

Pakistan signs a $200M ADB loan agreement for power distribution upgrades, boosting efficiency and reducing energy losses. [Image via PTV]

Pakistan And Asian Development Bank (ADB) signed a $200 million loan agreement for power distribution strengthening project.

Dr. Kazim Niaz, Secretary of the Economic Affairs Division (EAD), and Asad Aleem, ADB Deputy Country Director, signed the loan agreement between Pakistan and ADB.

Also See: Govt unveils ‘Uraan Pakistan’ 5-year National Economic Transforma­tion Plan

The project will initially support three distribution companies through advanced metering infrastructure, data management systems and asset performance management system.

On this occasion, Secretary Dr. Kazim Niaz emphasized timely and efficient utilization of ADB loan and urged all concerned to ensure completion of the project within the stipulated timeframe.

The Secretary said that the project was designed to upgrade and modernize power distribution system and minimize substantial energy losses.

Asad Aleem assures ADB would continue to work closely with the ministry of economic affairs and other stakeholders to ensure its support aligns with Pakistan’s development priorities.

This news is sourced from PTV and is intended for informational purposes only.

News Desk

Your trusted source for insightful journalism. Stay informed with our compelling coverage of global affairs, business, technology, and more.

Recent

What is the Durand Line?

What is Durand Line?

The Durand Line, a 2,670-kilometer border drawn in 1893 between Afghanistan and British India, remains one of South Asia’s many contentious frontiers. Rejected by every Afghan government but recognized internationally, it symbolizes the region’s colonial legacy and ongoing power struggles. This backgrounder explores its origins in the Great Game, the legal and political controversies surrounding it, and its lasting impact on Pakistan-Afghanistan relations and regional security.

Read More »
Can war against terror be won without political consensus?

Can war against terror be won without political consensus?

For over two decades, Pakistan has battled the scourge of terrorism. Yet, despite military successes, the absence of political consensus continues to jeopardize lasting peace. As divisions deepen and populist narratives gain ground, the question remains: can Pakistan truly defeat terror without unity at the top?

Read More »
Shifting Sands: How Multipolar Pragmatism Is Redefining Global Alliances

Shifting Sands: How Multipolar Pragmatism Is Redefining Global Alliances

The world is entering an era of multipolar pragmatism where ideology no longer defines alliances. From NATO’s internal divides to BRICS expansion and regional realignments, states now pursue transactional partnerships driven by national interests. This fluid diplomacy creates both opportunities for middle powers and uncertainty in global governance.

Read More »
Afghan Taliban and Cross Border Terrorism in Pakistan

Afghan Taliban and Cross Border Terrorism in Pakistan

Pakistan is witnessing a sharp rise in terrorist attacks linked to the Afghan Taliban’s support for the Tehreek-e-Taliban Pakistan (TTP). A new study reveals that Afghan nationals now dominate TTP infiltration groups, exposing Kabul’s complicity in cross-border militancy. As violence escalates, Islamabad must balance border control, diplomacy, and de-radicalisation to counter

Read More »
The New Normal: End of Pakistan’s Strategic Restraint

The New Normal: End of Pakistan’s Strategic Restraint

Any hope surrounding the Pakistan–Afghanistan dialogue in Doha is colliding with renewed violence and mutual distrust. Pakistan’s recent precision strikes in Paktika, following a shattered ceasefire and terrorist attacks, signal a shift toward active defense. The talks now hinge on whether Kabul can curb militant sanctuaries and move beyond its victim narrative.

Read More »