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