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. 


Pakistan court orders full eye exam for jailed ex-PM Imran Khan, PTI party says 

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Pakistan court orders full eye exam for jailed ex-PM Imran Khan, PTI party says 

  • Party says directive supports concerns over medical access in custody
  • Lawyer earlier told reporters Khan’s health “is fine” after prison visit

ISLAMABAD: Pakistan’s opposition Pakistan Tehreek-e-Insaf (PTI) party said on Thursday the Supreme Court had ordered a full eye examination of jailed ex-premier Imran Khan to be completed before Feb. 16, escalating a dispute between the government and Khan’s family over his medical care in prison.

Concerns about Khan’s health have resurfaced in recent weeks after authorities confirmed he had been briefly taken from prison to a hospital in Islamabad for an eye procedure. The government said at the time his condition was stable, while PTI leaders and Khan’s family complained they had not been informed in advance and alleged he was being denied timely and independent medical access.

The issue was taken up by the Supreme Court earlier this week, which appointed senior lawyer Salman Safdar as a “friend of the court” to visit Khan at Rawalpindi’s Adiala prison and submit a written report on his living conditions.

In its statement on Thursday, PTI said the court had now directed that Khan undergo a comprehensive medical review of his eye condition.

“The Supreme Court’s order for a complete eye check-up of Imran Khan vindicates the party’s longstanding concerns about his deteriorating health and denial of timely, independent medical care in custody,” the party said, adding that he should be given “immediate” access to his personal physician.

Safdar, who met Khan in prison on Tuesday, had earlier sought to calm speculation about his condition.

“It is fine,” Safdar told reporters outside the prison when asked about Khan’s health, declining to provide further details. “I will speak about the rest in the report.”

According to a copy of an earlier court order seen by Arab News, the Supreme Court had tasked Safdar with submitting a written report regarding the “living conditions of the petitioner in jail,” noting that a previous report related to Khan’s detention at Attock jail in 2023 did not reflect his current circumstances.

In its latest statement, PTI framed the court’s directive as part of a broader legal principle.

“This is bigger than one medical test. It is about whether the rule of law applies to political opponents, or only to protect those in power,” the party said, demanding “immediate and transparent implementation of the Court’s order” and “unrestricted access to qualified specialists of his choice.”

Khan has been in jail since August 2023 in connection with multiple cases that he and his party say are politically motivated, an allegation the government denies. He was removed from the PM’s office in April 2022 through a parliamentary vote of no confidence.

There was no immediate response from the government on Thursday to PTI’s latest statement.