Asian Development Bank
Asian Development Bank is a regional development bank established to promote social and economic development in Asia.
NHA and ADB Sign Agreement to Develop 306-Km M6 Motorway in Pakistan
The NHA and ADB have signed an agreement to construct two sections of the 306-kilometer M6 Motorway in Pakistan, enhancing regional connectivity. The project aims to boost economic development by facilitating seamless traffic flow along the Karachi to Peshawar corridor.
ADB Downgrades Asia-Pacific Growth to 5.1% Amid Middle East Conflict
The Asian Development Bank forecasted that growth in the Asia-Pacific region has decreased to 5.1%, influenced by Middle East conflicts. This slowdown highlights the vulnerability of regional economies to global tensions and may affect future economic plans.
ADB Revises South Korea's 2026 Growth Forecast Up to 1.9%
The Asian Development Bank raised its 2026 growth forecast for South Korea to 1.9%, driven by stronger exports and consumer spending. This updated outlook suggests a more positive economic trajectory for the country next year.
ADB commits support for Pakistan's solar energy transition and power sector reforms
The Asian Development Bank plans to support Pakistan's shift to solar power and battery storage, along with reforms in the power sector. This move is part of broader efforts to modernize Pakistan's energy infrastructure and boost sustainability.