Gilgit-Baltistan is seeking the assistance of the Asian Development Bank (ADB) to develop an export strategy and protect its growth within the context of Pakistan's overall development agenda.

The entities involved

• Gilgit-Baltistan →

  Territory administered by Pakistan

  • The Pakistan Meteorological Department has issued widespread weather warnings for various regions of Pakistan, including Gilgit-Baltistan, Sindh, Punjab, and Islamabad.Sun 20:19
• Pakistan →

  sovereign state in South Asia

  • US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
  • Pakistan is establishing long-term economic cooperation with Central Asia, including plans to join the International North-South Transport Corridor.Mon 17:36
• Asian Development Bank →

  regional development bank

  • The Asian Development Bank has lifted its growth outlook for developing Asia and maintained its forecast for China at 4.6%, noting energy costs from the Middle East conflict.Mon 15:15
  • The Philippines is seeking international financial support from the World Bank and Asian Development Bank for its budget needs.Mon 12:12

Related events

• The Asian Development Bank is expanding its support for Pakistan's reform agenda, focusing on sustainable growth and job creation.Sep 2
• ADB commended Pakistan's macroeconomic stabilization efforts and offered potential financing for strategic infrastructure projects.Sep 4
• ADB is exploring funding for Pakistan Railways modernization, while the Senate questioned the Economic Affairs Division.Jul 3
• ADB projects growth rates for Pakistan (3.7%), South Asia (6.0%), and Bangladesh (3.7%), while regional tensions drive up costs for fuel and electricity.Jul 9
• Iqbal addresses Pakistan's economic challenges while hosting HBS students in Pakistan.Aug 28