Pakistan Economic Update (July 2003-June 2004)

Abstract

The Asian Development Bank is a long-standing development partner of Pakistan, having provided a total of $13.6 billion to the country in development assistance from 1968 to 2003. Of this amount, $871 million were provided in 2003. The projected assistance for the period 20042006 amounts to $2.7 billion. Historically, the major development sectors in which ADB has invested have included agriculture and rural development, energy, social sectors, finance and trade, and transport and communications. 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.