Asian Development Bank and Pakistan: Fact Sheet

Abstract

Updated yearly, this ADB Fact Sheet provides social and economic indicators on Pakistan as well as concise information on ADB's operations in the country and contact information. Pakistan is an important partner of the Asian Development Bank (ADB) in its pursuit of fighting poverty in Asia. Over the years, Pakistan has undertaken important economic and governance reforms that resulted in steady economic growth, allowing it to boost spending on poverty reduction programs. Recently, however, the global economic recession that followed a rapid increase in prices of food and other commodities worldwide, coupled with an array of domestic challenges, have impacted Pakistan’s economic outlook negatively. The immediate challenge to Pakistan’s economic stability has been overcome with the help of an International Monetary Fund (IMF)-backed stabilization program.