Tag Archives: Development Projects

In a surprising move given Pakistan’s deteriorating fiscal condition and escalating public debt, the government has greenlighted 15 development projects amounting to a staggering Rs515 billion. This approval includes a significant $900 million foreign loan aimed at bolstering climate change efforts. The Central Development Working Party (CDWP), responsible for authorizing development projects, convened a meeting to review 18 proposals, ultimately …

Despite concerns about Pakistan’s growing debt, the interim government has approved a $300 million loan from the Asian Development Bank (ADB) to improve tax compliance. This move has raised questions about whether such objectives could be achieved through efficient tax collection methods rather than borrowing. The Central Development Working Party (CDWP) cleared four development projects worth Rs126.2 billion during its …