Banks president informed this during his meeting with President Zardari


Asian Development Bank (ADB) will provide $2 billion in annual assistance to Pakistan over the next three years.
Bank’s president Masatsugu Asakawa informed this during his meeting with President Asif Ali Zardari in Islamabad. Senator Ms. Sherry Rehman and Senator Saleem Mandviwalla also attended the meeting.
President Zardari emphasized that Pakistan’s climate finance needs were substantial and ADB should extend its support to address the impacts of climate change.
He highlighted that the severe climate changes and devastating floods of 2022 had a profound impact on the country’s economy as well as on its agriculture sector, educational and road infrastructure.
The President briefed the ADB President about the economic and climate-related challenges being faced by Pakistan. He stated that the war on terror had inflicted significant economic damage on the country. The President appreciated the support of ADB towards the socio-economic development of Pakistan. He also thanked the President ADB for assisting Pakistan in the wake of the 2022 floods.
Masatsugu Asakawa, President of the Asian Development Bank (ADB) said that Pakistan is facing severe effects of climate change, particularly with glaciers melting at an accelerated pace.
He said that the ADB would provide $2 billion in annual assistance to Pakistan over the next three years and reaffirmed the bank’s commitment to supporting infrastructure development and climate-resilient initiatives.
Additionally, ADB President commended the recent signs of economic recovery and stabilization in Pakistan.
Floods wash away railway track in Sialkot, train services suspended
- 11 hours ago
Punjab on high alert as India sends another floodwave
- 8 hours ago
Google urges Gmail users to change passwords amid rising hack threats
- 8 hours ago
DG PDMA warns of rising flood threat in coming 24 hours
- 13 hours ago
Two-day Colour & Chem Exhib fetches mega business deals
- 11 hours ago

Chasing history: Can Derrick Henry run past seven Hall of Famers to reach top 10 all-time?
- 11 hours ago
Rescue teams evacuate stranded baraat in Sutlej River flooding
- 11 hours ago

Torrential rains claim 5 lives in Khyber Pakhtunkhwa
- 8 hours ago
Train tragedy in Egypt: 3 dead, 94 injured in derailment
- 8 hours ago
Pattoki AC Furqan Ahmed dies of heart attack during flood relief visit
- 14 hours ago

Floods, failures, and the future: Rethinking disaster management in Pakistan
- 13 hours ago
PM highlights strong Pakistan-China ties during Tianjin University visit
- 13 hours ago