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ADB report: Pak project performance drops to 58pc in 2018-2020

Top Story April 17, 2021 ISLAMABAD: The Independent Evaluation Department of the Asian Development Bank (ADB) has disclosed that Pakistan’s project performance dropped to 58pc in 2018-2020 from 70pc in 2017-2019 due to poor performance in the Public Sector Management (PSM) and water sectors. This poor performance shows that Islamabad had to pay multimillion dollars on account of commitment charges under the PTI-led regime. The ineffective implementation has witnessed a surge in the penalty amount in the last few years. According to IED of ADB report on Friday, Pakistan’s country partnership strategy final review validation (CPSFRV) 2015–2019 rated the country program less than successful. The challenging political environment and a succession of boom-and-bust economic cycles have hampered Pakistan’s development progress.

ADB report: Pak project performance dropped in 2018-2020

Top Story April 17, 2021 ISLAMABAD: The Independent Evaluation Department of the Asian Development Bank (ADB) has disclosed that Pakistan’s project performance dropped to 58pc in 2018-2020 from 70pc in 2017-2019 due to poor performance in the Public Sector Management (PSM) and water sectors. This poor performance shows that Islamabad had to pay multimillion dollars on account of commitment charges under the PTI-led regime. The ineffective implementation has witnessed a surge in the penalty amount in the last few years. According to IED of ADB report on Friday, Pakistan’s country partnership strategy final review validation (CPSFRV) 2015–2019 rated the country program less than successful. The challenging political environment and a succession of boom-and-bust economic cycles have hampered Pakistan’s development progress.

ADB report: Pak project performance drops to 58pc in 2018-2020 from 70pc in 2017-2019

National April 17, 2021 ISLAMABAD: The Independent Evaluation Department of the Asian Development Bank (ADB) has disclosed that Pakistan’s project performance dropped to 58pc in 2018-2020 from 70pc in 2017-2019 due to poor performance in the Public Sector Management (PSM) and water sectors. This poor performance shows that Islamabad had to pay multimillion dollars on account of commitment charges under the PTI-led regime. The ineffective implementation has witnessed a surge in the penalty amount in the last few years. According to IED of ADB report on Friday, Pakistan’s country partnership strategy final review validation (CPSFRV) 2015–2019 rated the country program less than successful. The challenging political environment and a succession of boom-and-bust economic cycles have hampered Pakistan’s development progress.

Public Sector Finance & Accounting Coordinator

A. About Asian Disaster Preparedness Center ADPC is an intergovernmental regional organization with a vision to reduce disaster and climate risk impacts on communities and countries in Asia and the Pacific by working with governments, development partners, international organizations, NGOs, civil society, private sector, media, and other key stakeholders. Established in 1986 as a technical capacity building center, ADPC has grown and diversified its expertise across social and physical sciences to support sustainable solutions for risk reduction across a broad range of specialist areas. With over 100 staff from 19 different nationalities and a wide range of professional expertise from atmospheric scientists to social scientists with experiences from all levels of engagement typically required for Disaster Risk Reduction (DRR) and Climate Resilience (CR) in an effective manner. ADPC is a competent regional resource center and has seven thematic departments: ADPC Academy, Risk Govern

Cabinet reshuffle: The sarkaari game of musical chairs continues

Cabinet reshuffle: The sarkaari game of musical chairs continues By Thursday Apr 01, 2021 Since coming to power in 2018, Prime Minister Imran Khan has shuffled his cabinet five times. More than half the PM’s cabinet has had its portfolio changed at least once. April 2019: The first major hiring and firing in the country’s top decision-making body, the cabinet, took place in April 2019.  The changes included handing over the portfolio of the ministry of science to Fawad Chaudhry and relieving him of the ministry of information. On the same day, Abdul Hafeez Shaikh, a well-known economist, was appointed adviser to the prime minister on finance.

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