International loans / Grants / Investments / Reports

ADB to provide $1bn for Karachi Circular Railway revival

Imran Ayub
May 13, 2026

KARACHI: After years of delays and failed revival attempts, the Karachi Circular Railway (KCR) project received a boost on Tuesday as the Asian Development Bank (ADB), giving a nod to the Sindh government’s request, assured it of $1 billion support in funding, raising hopes for revival of the long-delayed transport scheme.

A high-level ADB delegation met Sindh Chief Secretary Asif Hyder Shah and informed him that the bank was ready to finance the KCR revival with $1 billion, including an initial $10 million for preparatory work such as design review, operational planning, institutional arrangements and financing models.
 

ADB to provide $1bn for Karachi Circular Railway revival

Imran Ayub
May 13, 2026

KARACHI: After years of delays and failed revival attempts, the Karachi Circular Railway (KCR) project received a boost on Tuesday as the Asian Development Bank (ADB), giving a nod to the Sindh government’s request, assured it of $1 billion support in funding, raising hopes for revival of the long-delayed transport scheme.

A high-level ADB delegation met Sindh Chief Secretary Asif Hyder Shah and informed him that the bank was ready to finance the KCR revival with $1 billion, including an initial $10 million for preparatory work such as design review, operational planning, institutional arrangements and financing models.
Good of the ADB to provide a 1 billion loan, I am sure that 10 Million will go a long way in revitalizing KCR.
 
To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.
 

ADB approves $700m loan for Pakistan insurance reforms​


Program will support development of capital markets, private pension products

Web Desk
June 18, 2026

a worker walks past inside the asian development bank adb headquarters in manila photo reuters file

A worker walks past inside the Asian Development Bank (ADB) headquarters in Manila. Photo: Reuters

The Asian Development Bank (ADB) on Thursday approved a $700 million policy-based loan to support reforms aimed at strengthening insurance in Pakistan. The program seeks to expand insurance coverage and reduce protection gaps. It will also help stimulate private sector participation and support sustainable economic growth.

In a press release issued today, the Insurance Transformation Program will strengthen Pakistan’s financial resilience by deepening insurance markets and expanding financial protection for households, businesses, farmers, and public finances against extreme weather events, disasters, and life-cycle risks. The reforms are expected to reduce financial vulnerabilities, support faster recovery from shocks, and lessen pressure on public finances following disasters and other crises.
 

Users who are viewing this thread

Pakistan Defence Latest

Back
Top