Pakistan Economic Update (July 2004-March 2005)

Abstract

The Asian Development Bank is a long-standing development partner of Pakistan, having provided a total of $14.3 billion to the country in development assistance from 1968 to 2004. Of this amount, $709 million were provided in 2004. The Bank will provide another $797 million in 2005. The projected assistance for the period 2006-2008 amounts to $3.6 billion. The major development sectors in which ADB has invested include energy, agriculture and rural development, finance and trade, transport and communications, social sectors, and governance. Under its Country Strategy and Program for Pakistan for 2002-2006, reduction of poverty is the central objective, which will be operationalized through promoting sustainable pro-poor growth, inclusive social development, and good governance, with governance being the key area of focus.