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Pakistan, ADB sign two key initiatives worth $730m in power, state-owned enterprises sector

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Pakistan and the Asian Development Bank (ADB) signed two major initiatives — a power transmission strengthening project and an accelerating state-owned enterprise (SOE) transformation programme — totalling $730 million that would relieve overloading of existing transmission lines and improve operational efficiency.

At the beginning of this year, Pakistan and ADB signed an agreement to provide $200 million in support to the country’s ailing power distribution system through network improvement.

In the recent........

© Dawn Business