Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: ADB signs Rs218m loan accord on flood recovery
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Business > ADB signs Rs218m loan accord on flood recovery
Business

ADB signs Rs218m loan accord on flood recovery

Web Desk
By Web Desk Published July 10, 2015 1 Min Read
Share
SHARE

Islamabad: The Asian Development Bank (ADB) has signed a $218 million loan agreement with Pakistan for the Flood Emergency Reconstruction Resil­ience Project.

The agreement was signed by Mohammad Saleem Sethi, Secretary of Economic Affairs Division, and Werner E. Liepach, Country Director of the ADB.

Under the project, the governments of Punjab and Azad Jammu and Kashmir will receive $153m and $56m, respectively.

The project will contribute to economic recovery of flood-hit areas in Punjab and AJK through rehabilitation and reconstruction of high-priority infrastructure damaged and weakened by flooding in September last year.

Finance Minister Ishaq Dar witnessed the signing ceremony and welcomed the ADB’s support to the flood-affected areas to ensure a resilient infrastructure to mitigate the impact of future natural hazards.

He also appreciated the ADB portfolio enhancement from $4.5 billion to $5.5bn for Pakistan in energy, infrastructure, disaster management and irrigation sectors.

TAGGED:Pak­istan
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Sidney Omen Brown death

Sidney ‘Omen’ Brown, Beyoncé and Drake Producer, Dies at 49

Imaan Mazari IHC Chief Justice Dogar complaint

Imaan Mazari Files SJC Complaint Against IHC Chief Justice Dogar

PSX KSE-100 rally

PSX Soars 800 Points as KSE-100 Reclaims 156,000 Mark

Post Archives

More Popular from Photonews

Pakistan Cryptocurrency Ransom
Pakistan

Cryptocurrency Used for Ransom in Pakistan

2 Min Read
Tokyo 2025 World Athletics Championships Day 4
Sports

Tokyo 2025 World Athletics Championships: Day Four Highlights

3 Min Read
Jinnah Medical Complex Tax
Pakistan

Pakistan Plans New Tax for Jinnah Medical Complex with IMF Approval

3 Min Read
Pakistan

Govt Holds Petrol Price, Raises Diesel to Rs272.77

On Monday, September 15, 2025, Pakistan’s Finance Division announced new fuel prices effective from September 16.…

September 16, 2025
Sports

Gout Gout: The Australian Teen Sprinter Poised to Be Usain Bolt’s Heir

At the 2025 World Athletics Championships in Tokyo, 17-year-old Australian sprinter Gout Gout is turning heads.…

September 16, 2025
Pakistan

Auditor General Pakistan Retracts Rs375 Trillion Error in Financial Report

The Auditor General of Pakistan (AGP) withdrew a shocking report that claimed Rs375 trillion in financial…

September 15, 2025
Top NewsWorld

NASA Bars Chinese Nationals from Space Programs

NASA announced a policy shift barring Chinese nationals with valid visas from participating in its programs.…

September 11, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?