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ADB signs $300mln loan deal with govt for Balakot project
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Rawalpindi Ring Road: Former Punjab CM did not approve project
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Introduction Officials, ambassadors, media veterans and scholars attend the forum to share their thoughts on how the Regional Comprehensive Economic Partnership agreement will propel regional cooperation in Asia. The event is jointly organized by the publicity department of the Hainan provincial government, China Daily, the China Institute for Reform and Development, and Institute for Free Trade Port with Chinese Characteristics.
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Port business environment gets a new facelift
As the RCEP trade agreement is planned to go into force next year, the General Administration of Customs has been working on a slew of measures, in a move to build up a market-oriented, legalized and internationalized port business environment, said Dang Yingjie, deputy director-general of the National Office of Port Administration.
Pakistan, ADB sign $300 mln agreement for Balakot hydropower project
May 21, 2021
ISLAMABAD: Pakistan and Asian Development Bank (ADB) have signed the $300 million financing agreement of the Balakot hydropower development project, ARY News reported on Friday.
The loan agreement was signed by Economic Affairs Division (EAD) Secretary Noor Ahmed and ADB Acting Country Director Ms Cleo Kawawaki which was witnessed by Minister for Economic Affairs Omar Ayub Khan and Khyber Pakhtunkhwa (KP) Chief Minister Mahmood Khan.
The total cost of the Balakot hydropower development project is US$ 755 million out of which ADB has committed to providing $300 million while the Asian Infrastructure Investment Bank (AIIB) will finance $280 million.
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