ADB approves $250 million loan to boost public-private partnerships in Pakistan

Staff members of the Asian Development Bank step out of the Manila-based lender's headquarters on February 17, 2009. (AFP/File)
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Updated 05 June 2024
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ADB approves $250 million loan to boost public-private partnerships in Pakistan

  • Loan to drive investments in infrastructure, services through public-private partnerships, says bank
  • Program may help in bridging financing gap in Pakistan’s public sector projects, says ADB economist 

ISLAMABAD: The Asian Development Bank (ADB) said on Wednesday it has approved a $250 million loan for driving investments in Pakistan through public-private partnerships (PPPs), in its bid to encourage the country in fulfilling its development goals. 

The regional development bank has committed over $52 billion to Pakistan, one of its founding members, since 1966 in public and private sector loans, grants, and other forms of financing to promote inclusive economic growth in the country. 

In December, the ADB approved three projects totaling $658.8 million to improve Pakistan’s domestic resource mobilization, rehabilitate schools damaged by the devastating August 2022 floods, and enhance agricultural productivity to improve food security.

“The ADB has approved a $250 million policy-based loan to help the Government of Pakistan drive sustainable investments in infrastructure and services through PPPs,” the development bank said in a statement.

It highlighted that the bank’s PPP program supported the implementation of government policies to create a fiscally affordable environment for public-private partnerships, apart from promoting economic growth. 

“This program is part of our comprehensive and integrated package of public sector management support that balances the country’s fiscal consolidation and growth objectives,” ADB director-general for Central and West Asia, Yevgeniy Zhukov, was quoted as saying.

The official said the program will help Pakistan’s government create an environment conducive to strategic, fiscally affordable PPPs that will bring the country closer to its development goals.

“The reforms will facilitate efficient infrastructure planning and promote sustainable development practices in infrastructure projects, such as climate risk screening and gender considerations in project feasibility assessments and PPP contracts,” the report stated.

ADB Economist Sana Masood termed it vital to mobilize private finance through PPPs, adding it might help bridge the financing gap in public sector projects. 

“This program will help ensure PPPs in Pakistan are structured correctly and implemented effectively to deliver more efficiency, innovation, and value for money,” she observed. 


Customs seize narcotics, smuggled goods, vehicles worth $4.9 million in southwest Pakistan

Updated 16 December 2025
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Customs seize narcotics, smuggled goods, vehicles worth $4.9 million in southwest Pakistan

  • Customs seize 22.14 kg narcotics, consignments of smuggled betel nuts, Hino trucks, auto parts, says FBR
  • Smuggled goods enter Pakistan’s Balochistan province from neighboring countries Iran and Afghanistan

ISLAMABAD: Pakistan Customs seized narcotics, smuggled goods and vehicles worth a total of Rs1.38 billion [$4.92 million] in the southwestern Balochistan province on Tuesday, the Federal Board of Revenue (FBR) said in a statement. 

Customs Enforcement Quetta seized and recovered 22.14 kilograms of narcotics and consignments of smuggled goods comprising betel nuts, Indian medicines, Chinese salt, auto parts, a ROCO vehicle and three Hino trucks in two separate operations, the FBR said. All items cost an estimated Rs1.38 billion, it added. 

Smuggled items make their way into Pakistan through southwestern Balochistan province, which borders Iran and Afghanistan. 

“These operations are part of the collectorate’s intensified enforcement drive aimed at curbing smuggling and dismantling illegal trade networks,” the FBR said. 

“All the seized narcotics, goods and vehicles have been taken into custody, and legal proceedings under the Customs Act 1969 have been formally initiated.”

In the first operation, customs officials intercepted three containers during routine checking at FEU Zariat Cross (ZC) area. The containers were being transported from Quetta to Pakistan’s Punjab and Khyber Pakhtunkhwa provinces, the FBR said. 

The vehicles intercepted included three Hino trucks. Their detailed examination led to the recovery of the smuggled goods which were concealed in the containers.

In the second operation, the staff of the Collectorate of Enforcement Customs, Quetta, intercepted a ROCO vehicle at Zariat Cross area with the local police’s assistance. 

The driver was interrogated while the vehicle was searched, the FBR said. 

“During interrogation, it was disclosed that drugs were concealed inside the spare wheel at the bottom side of the vehicle,” it said. 

“Upon thorough checking, suspected narcotics believed to be heroin was recovered which was packed in 41 packets, each weighing 0.54 kilograms.”

The narcotics weighed a total of 22.14 kilograms, with an estimated value of Rs1.23 billion in the international market, the FBR concluded. 

“The Federal Board of Revenue has commended the Customs Enforcement Quetta team for their effective action and reiterated its firm resolve to combat smuggling, illicit trade and illegal economic activities across the country,” it said.