<?xml version="1.0" encoding="UTF-8"?>
<rss xmlns:media="http://search.yahoo.com/mrss/" xmlns:content="http://purl.org/rss/1.0/modules/content/" version="2.0">
  <channel>
    <title>Aaj TV English News - Business &amp; Economy</title>
    <link>https://english.aaj.tv/</link>
    <description>Aaj TV English</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Tue, 07 Apr 2026 10:38:38 +0500</pubDate>
    <lastBuildDate>Tue, 07 Apr 2026 10:38:38 +0500</lastBuildDate>
    <ttl>60</ttl>
    <item xmlns:default="http://purl.org/rss/1.0/modules/content/">
      <title>Pakistan, ADB sign $61.8m deals for rail, urban transport and water projects</title>
      <link>https://english.aaj.tv/news/330448080/pakistan-adb-sign-618m-deals-for-rail-urban-transport-and-water-projects</link>
      <description>&lt;p&gt;&lt;strong&gt;Pakistan and the Asian Development Bank (ADB) on Friday signed agreements totalling $61.8 million to support three major development projects in connectivity, urban transport, and water management.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;The agreements cover $10 million for Project Readiness Financing of the Karachi-Rohri section of Main Line-I, $3.8 million for the Quetta Bus Rapid Transit system, and $48 million for additional financing for the Balochistan Water Resources Development Sector Project.&lt;/p&gt;
&lt;p&gt;Secretary, Ministry of Economic Affairs, praised ADB as a trusted development partner and highlighted its support for projects that will strengthen long-term economic growth, address critical urban infrastructure needs in Quetta, and boost agricultural productivity in Balochistan.&lt;/p&gt;
&lt;p&gt;He also acknowledged the efforts of the Ministry of Railways and the Balochistan government and urged timely and effective utilisation of the financing to ensure successful project implementation.&lt;/p&gt;
&lt;p&gt;ADB Country Director Emma Fan welcomed the agreements, emphasising the significance of the Balochistan initiatives and calling the ML-I Project Readiness Financing a critical step towards modernising Pakistan’s railways.&lt;/p&gt;
&lt;p&gt;She reaffirmed ADB’s commitment to working closely with the government to align support with the country’s development priorities.&lt;/p&gt;
</description>
      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>Pakistan and the Asian Development Bank (ADB) on Friday signed agreements totalling $61.8 million to support three major development projects in connectivity, urban transport, and water management.</strong></p>
<p>The agreements cover $10 million for Project Readiness Financing of the Karachi-Rohri section of Main Line-I, $3.8 million for the Quetta Bus Rapid Transit system, and $48 million for additional financing for the Balochistan Water Resources Development Sector Project.</p>
<p>Secretary, Ministry of Economic Affairs, praised ADB as a trusted development partner and highlighted its support for projects that will strengthen long-term economic growth, address critical urban infrastructure needs in Quetta, and boost agricultural productivity in Balochistan.</p>
<p>He also acknowledged the efforts of the Ministry of Railways and the Balochistan government and urged timely and effective utilisation of the financing to ensure successful project implementation.</p>
<p>ADB Country Director Emma Fan welcomed the agreements, emphasising the significance of the Balochistan initiatives and calling the ML-I Project Readiness Financing a critical step towards modernising Pakistan’s railways.</p>
<p>She reaffirmed ADB’s commitment to working closely with the government to align support with the country’s development priorities.</p>
]]></content:encoded>
      <category>Business &amp; Economy</category>
      <guid>https://english.aaj.tv/news/330448080</guid>
      <pubDate>Fri, 05 Dec 2025 21:57:14 +0500</pubDate>
      <author>none@none.com (APP)</author>
      <media:content url="https://i.aaj.tv/large/2025/12/05215618f57aede.webp" type="image/webp" medium="image" height="480" width="800">
        <media:thumbnail url="https://i.aaj.tv/thumbnail/2025/12/05215618f57aede.webp"/>
        <media:title/>
      </media:content>
    </item>
  </channel>
</rss>
