Pakistan has paid a whopping $100m in penalties to ADB for its failure in executing various donor-funded projects during last 15 years.
Pakistan paid $5 million in 2020 on account of sovereign and non-sovereign loans penalty and $2.3 million till June 2021.
ADB imposes 0.15% commitment charges on signed projects if executing agencies fail to deliver on implementation.
Latest Updates
Afghanistan cricketer Rashid Khan has requested cricket fans to come to the stadium tomorrow (Wednesday) to watch his team battle…
PCB shares a video of the Pakistani team visiting the Namibian dressing room.
Pakistan players cheered up the Namibian side for their encouraging journey so far in the ICC Twenty20 World Cup.
The players from the two teams were seen hugging and sharing pleasantries with each other.
Pakistan defeated Namibia by 45 runs on Tuesday night in Abu Dhabi to become the first side to qualify for…
ISLAMABAD: Amid a strong protest from consumers against 10 per cent increase in power tariff, the National Electric Power Regulatory…
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ISLAMABAD: The government of Pakistan is to free more than 2,000 jailed activists of a proscribed organisation and allow it…
LAHORE: The provincial capital was on Monday declared the most polluted city in the world, leaving its traditional rival New…
