Pakistan has requested the Asian Development Bank for $300 million loan for the Kurram Tangi Integrated Water Resources Development project which aims to improve energy, water and food security in the country. The ADB is expected to approve the loan in 2024, according to the project document released by the bank. The proposed project will directly contribute to the two strategic pillars of Paki
In the face of rapidly changing climatic conditions, the agricultural sector in Pakistan, particularly in Sindh, finds itself grappling with a myriad of challenges. With rising temperatures, erratic rainfall patterns, and prolonged droughts wreaking havoc, crop yields have been severely impacted, and water availability has become increasingly scarce. The current scenario presents a substantial
All manufacturers have benefitted from the environment of rising prices in the 16-month rule of the PDM government. The two-wheeler industry is no exception, playing havoc with the prices by citing rupee devaluation against the dollar. Despite declining demand and claims of high localisation, buyers still face high price shocks. Prices have increased significantly more than the 58 per cent depr
Throughout human history, gold has retained its status as a precious commodity and an asset highly sought after by investors. It serves as a safeguard against inflation and economic instability. Deeply ingrained within Pakistani culture, gold holds immense significance, often adorning rituals like weddings and celebrations. Recently, the resounding buzz surrounding gold prices in Pakistan has i
The increased cost-of-living crisis sparked by surging inflation last year, combined with the lingering effects of the Covid-19 pandemic, is continuing to push people in Asia and the Pacific into extreme poverty, according to a new report released by the Asian Development Bank. An estimated 155.2 million people in developing Asia and the Pacific, or 3.9 per cent of the region’s population, live