South Asia Times

Facebook X-twitter Youtube Instagram Tiktok Linkedin

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.

Picture of News Desk

News Desk

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

News Desk

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

Recent

The Making of an Enemy: The Taliban’s Narrative War Against Pakistan

The Making of an Enemy: The Taliban’s Narrative War Against Pakistan

SAT Editorial Desk September 11, 2025

The Taliban’s hostility toward Pakistan is not confined to isolated voices. Rooted in religious narratives that brand Islamabad as “un-Islamic” and reinforced by incendiary speeches and propaganda, this rhetoric fosters deep mistrust. While official representatives preach cooperation, commanders and ideologues openly glorify conflict, creating a dangerous contradiction between diplomacy and reality.

Read More »
Islamophobia and Global Politics After 9/11

Islamophobia and Global Politics After 9/11

Muhammad Aqib September 11, 2025

The 9/11 attacks reshaped global politics and ignited the US-led “War on Terror.” Beyond Afghanistan and Iraq, Muslims worldwide faced rising Islamophobia, systemic discrimination, and cultural vilification. This era marked the transformation of prejudice into an entrenched political and social structure across the West.

Read More »
Zionism, Gaza, and the Crisis of Civilisation: The Exhaustion of the Western-Led Order

Zionism, Gaza, and the Crisis of Civilisation: The Exhaustion of the Western-Led World Order

Abdul Munim September 10, 2025

The Gaza war highlights how Zionism functions as a structural contradiction within the Western-led order, exposing its exhaustion and accelerating a wider civilisational crisis. What is unfolding is not simply another regional conflict but evidence that the very system once projected as the “endpoint of history” is unable to enforce norms, restrain its clients, or reconcile its internal contradictions.

Read More »