ASIAN DEVELOPMENT BANK

MEMBER FACT SHEET

Pakistan: 2022 Commitments ($ million)a

Product Type
Loans
Sovereign Nonsovereign Total
2,672.60 – 2,672.60
ADB supports Pakistan in improving key infrastructure,
Grants 3.00 – 3.00 disaster resilience, urban services, private sector, public
finance, energy, food security, transport networks,
Technical Assistanceb 19.37 0.56 19.93
Trade and Supply Chain – 731.98 731.98

and social services.

 Finance Program and
 Microfinance Programc
Total 2,694.97 732.54 3,427.51
– = nil, DMC = developing member country, TA = technical assistance.
Notes:
Commitment is the financing approved by ADB’s Board of Directors

PAKISTAN
or Management for which the legal agreement has been signed by the
borrower, recipient, or the investee company and ADB.
Grants and TA include ADB-administered cofinancing.
a
 Numbers may not sum precisely because of rounding.
b
 Financing for TA projects with regional coverage is distributed to
their specific DMCs where breakdown is available.
c
 Short-term ADB-financed commitments from private sector programs
with maturity of less than 365 days.
Pakistan is a founding member of the Asian Development Bank (ADB). ADB has
been helping the country reduce poverty and increase resilience and prosperity
Pakistan: Cumulative Commitmentsa, b, c, d by supporting investments in key sectors and services. ADB operations remain
Total % aligned to Pakistan’s evolving economic and development priorities.
Amount of Total
Sector No. ($ million) Amounte
ADB’s country partnership strategy, 2021–2025, for Pakistan focuses on three
e

Project and Technical 843 41,373.31 80.48

 Assistance priorities—improving economic management, building resilience, and boosting
Agriculture, Natural 188 5,030.97 9.79 competitiveness and private sector development.
 Resources, and
 Rural Development
Education 38 689.34 1.34
To date, ADB has committed 740 public sector loans, grants, and technical assistance
Energy 145 10,320.99 20.08 totaling $39.7 billion to Pakistan. Cumulative loan and grant disbursements to Pakistan
Finance 100 4,107.75 7.99 amount to $30.76 billion. These were financed by regular and concessional ordinary
Health 38 1,705.41 3.32 capital resources, the Asian Development Fund, and other special funds. ADB’s
Industry and Trade 44 1,935.15 3.76
Information and 2 2.92 0.01 ongoing sovereign portfolio in Pakistan includes 53 loans and 3 grants worth $9.59 billion.1
 Communication
 Technology In 2022, ADB’s loan and grant disbursements to Pakistan amounted to
Multisector 33 1,786.67 3.48 $2.49 billion. This includes $1.8 billion in program lending, $680 million from
Public Sector Management 106 8,274.78 16.10
Transport 90 6,041.92 11.75
project lending, and $4.6 million from grants.
Water and Other 59 1,477.40 2.87
 Urban Infrastructure ADB provided $1.5 billion to help Pakistan boost social protection, promote food
 and Services security, and support employment for people.
Trade and Supply Chain 7,359 10,035.73 19.52
 Finance Program and
 Microfinance Programf The Building Resilience with Active Countercyclical Expenditure (BRACE)
Finance 4,415 5,830.54 11.34 Program is designed to protect the poorest families, promote
Industry and Trade 2,944 4,205.19 8.18 gender empowerment, and enable climate adaptation while
Total 8,202 51,409.04 100.00
cushioning the impacts of external shocks.
DMC = developing member country, TA = technical assistance.
a
 Grants and TA include ADB-administered cofinancing.
b
 Includes loans, grants, equity investments, guarantees, TA,
and private sector programs.
c
 Using primary sector in the reporting of commitments.
d
 From 2020, financing for TA projects with regional coverage is
distributed to their specific DMCs where breakdown is available.  Sovereign portfolio consists of loans, grants, equity investment, and sovereign guarantee
1
e
 Numbers may not sum precisely because of rounding. committed and not financially closed. Regional projects with loans/grants to multiple countries
f
 ADB-financed commitments from private sector programs of which are reported separately.
$10 billion is short term (with maturity of less than 365 days).

Published in April 2023

To help the country improve governance and regulatory capacity, Pakistan: Share of Procurement Contracts for
ADB approved a $300-million loan for structural reforms within Loan, Grant, and Technical Assistance Projects
the Securities and Exchange Commission of Pakistan. The loan Goods, Works, and Related Services
will help strengthen the Government of Pakistan’s debt market Amount % of
and enhance market surveillance systems for better information Item ($ million) Total
exchange. It also aims to help increase access to financing for 2021 547.84 3.60
2022 2,219.24 13.71
growth companies and state-owned enterprises. Cumulative (as of 31 Dec 2022) 22,104.82 8.95
ADB committed a $100-million loan to help the Khyber Consulting Services
Pakhtunkhwa province in Pakistan improve the delivery of Amount % of
its health care services by modernizing infrastructure and Item ($ million) Total
equipment; ensuring implementation of clinical protocols, 2021 13.36 1.89
2022 9.15 1.71
standards, and guidelines; and improving human resources Cumulative (as of 31 Dec 2022) 381.94 2.47
planning and medicine supply chain management.
Total Procurement
Another $100-million loan for the Improving Workforce Amount % of
Readiness in Punjab Project will help strengthen the technical Item ($ million) Total
2021 561.20 3.52
and vocational education and training sector while ensuring
2022 2,228.39 13.33
that skills training needs meet the demand for jobs in the Cumulative (as of 31 Dec 2022) 22,486.76 8.57
country’s priority economic sectors.
ADB acted swiftly to provide support following the mid-2022 Top 5 Contractors/Suppliers from Pakistan Involved in
flood in Pakistan that affected 33 million people, immediately Goods, Works, and Related Services Contracts under ADB
disbursing a $3-million grant under the Asia Pacific Disaster Loan and Grant Projects, 1 January 2018–31 December 2022
Response Fund for purchase of emergency supplies. This was Contract Amount
followed by a $554-million financing package to support flood Contractor/Supplier Sector ($ million)
recovery and reconstruction efforts, and to strengthen the Zahir Khan and Brothers TRA, WUS 306.34
National Logistics Cell TRA 181.62
country’s disaster and climate resilience. The financing, which
Ghulam Rasool and Co. Pvt. Ltd. ANR, TRA 96.66
includes a $475-million loan, a $3-million technical assistance National Power Construction Pvt. Ltd. ENE 77.96
grant, and a $5-million grant from the Government of Japan, Siemens (Pakistan) Engineering Co. ENE 51.38
will support the restoration of irrigation, drainage, flood risk Ltd.
management, on-farm water management, and transport Others 6,172.10
infrastructure in the flood-affected provinces of Balochistan, Total 6,886.06
Khyber Pakhtunkhwa, and Sindh. ANR = agriculture, natural resources, and rural development; ENE = energy; TRA = transport;
WUS = water and other urban infrastructure and services.
Nonsovereign operations. Total outstanding balances and
undisbursed commitments of ADB’s nonsovereign transactions Top 5 Consultants from Pakistan Involved in Consulting Services
in Pakistan as of 31 December 2022 was $242.48 million Contracts under ADB Loan, Grant, and Technical Assistance
representing 1.9% of ADB’s total private sector portfolio. Projects, 1 January 2018–31 December 2022
Contract Amount
Operational challenges. The devastating floods in 2022, Consultant Sector ($ million)
impact of the COVID-19 pandemic, security issues, structural National Engineering Services ANR, FIN, PSM, 20.93
risks, and adverse external shocks continue to pose major Pakistan Pvt. Ltd. TRA, WUS
economic challenges to Pakistan. Umar Munshi Associates EDU, MUL 11.68
Engineering Consultants EDU, PSM, TRA 8.10
Uncertainties and institutional factors continue to weigh  International Pvt. Ltd.
on project implementation. These include land acquisition Associated Consulting Engineer Ltd. WUS 7.75
procedures, procurement delays caused by restrictions, and National Development Consultants ANR 3.81
 Pvt. Ltd. - National Engineering
price fluctuations affecting the importation of construction  Services Pakistan Pvt. Ltd. (JV)
material. However, tripartite portfolio review meetings among Individual Consultants 28.13
ADB, the government, and executing agencies help resolve Others 14.03
project implementation issues. Total 94.42
ANR = agriculture, natural resources, and rural development; EDU = education; FIN = finance;
Continued efforts toward fiscal consolidation and policy JV = joint venture; MUL = multisector; PSM = public sector management; TRA = transport;
reforms will be key to improvements in macroeconomic WUS = water and other urban infrastructure and services.

recovery and stability, especially in broadening the tax base and

improving the business environment in the country. Reforms Pakistan: Ordinary Capital Resources
are required to promote high value-added exports, expand Nonsovereign Commitments by Product
social spending, reinforce the energy sector’s financial and 2022 2018–2022
technical sustainability, and implement structural changes that Number of Transactions Signed (OCR) 0 1
Number of Transactions Signed (Programs) 652 3,203
will strengthen institutions and create jobs.
Amount ($ million)
Loans – 15.00
Equity Investments – –
Guarantees – –
Debt Security – –
Trade and Supply Chain Finance Program 731.98 4,368.94
 and Microfinance Program
Total 731.98 4,383.94
– = nil, OCR = ordinary capital resources.
KNOWLEDGE WORK Pakistan: Portfolio Performance Quality Indicators for
Pakistan’s Economy and Trade in the Age of Global Value Chains Sovereign Lending and Grants, 2021–2022
No. of Ongoing Loansa (as of 31 Dec 2022) 53
examined the economy and trade of Pakistan in the context of
2021 ($ million) 2022 ($ million)
global value chains, or cross-border production networks. Contract Awardsb, c 1,137.34 812.66
Disbursementsb 1,309.34 2,483.52
Pakistan’s macroeconomic landscape and economic prospects No. of Ongoing Grantsa, d (as of 31 Dec 2022) 3
were featured in the Pakistan chapter of the Asian Development 2021 ($ million) 2022 ($ million)
Outlook (ADO) 2022 and ADO 2022 Update. Contract Awardsb, c, d 2.00 1.51
Disbursementsb, d – 3.35
Other relevant publications include Women’s Mobility and At Risk Projects (%)e (as of 31 Dec 2022) 8
Labor Supply: Experimental Evidence from Pakistan; Building – = nil.
Horticulture Value Chains and Reducing Postharvest Losses in Note: Totals may not add up because of rounding.
Pakistan; and Solid Waste Management Sector in Pakistan: a
Based on commitments.
A Reform Road Map for Policy Makers. b
Includes closed loans/grants that had contract awards or disbursements during the year.
c
 xcludes policy-based, results-based, financial intermediation/credit, CPRO (COVID-19
E
Pandemic Response Option), and fully administered cofinanced loans and grants.

FINANCING PARTNERSHIPS Includes only Asian Development Fund and other ADB special funds.
d

e
Covers active projects as of 31 December 2022.
Financing partnerships enable ADB’s financing partner
governments or their agencies, multilateral financing institutions,
and private organizations to participate in financing ADB projects.
The additional funds provided may be in the form of loans and Pakistan: Independent Evaluation Ratings for
grants, technical assistance, and nonsovereign cofinancing. Sovereign and Nonsovereign Operations, 2013–2022
Total Number
of Validated Evaluation Ratings
Cumulative cofinancing commitments in Pakistan: and Evaluated
Projects and Highly successful Less than
• Sovereign cofinancing: $5.13 billion for 54 investment projects
Programs and successful successful Unsuccessful
and $107.87 million for 65 technical assistance projects since Sovereign
1973 32 18 9 5
 Operations
• Nonsovereign cofinancing: $13.38 billion for 24 investment Nonsovereign
10 7 – 3
projects since 1993  Operations
– = nil, IED = Independent Evaluation Department.
In 2022, Pakistan received $500 million loan cofinancing from Note: The numbers indicate sovereign and nonsovereign operations in the country that have been
the Asian Infrastructure Investment Bank for the Building validated or evaluated by the IED and their overall performance ratings. The coverage consists of all
validated or evaluated project completion reports and extended annual review reports circulated by
Resilience with Active Countercyclical Expenditures Program. ADB within the 10-year period from 1 July 2012 to 30 June 2022. See evaluations related to Pakistan.
Source: IED success rate database.
A summary of projects with cofinancing from 1 January 2018
to 31 December 2022 is available at www.adb.org/countries/
pakistan/cofinancing.

Pakistan: Projects Cofinanced,

FUTURE DIRECTIONS 1 January 2018–31 December 2022
Guided by the country partnership strategy, 2021–2025, Cofinancing No. of Projects Amount ($ million)a
ADB will continue supporting the Government of Pakistan Sovereignb 29 2,581.25
in its post-flood reconstruction and rehabilitation efforts.  Loans 7 2,481.95
Priorities include improving economic management,  Grants 8 73.68
building resilience, boosting competitiveness, and private  Technical Assistance 16 25.61
sector development. ADB’s assistance in domestic resource Nonsovereign 4 5,582.35
mobilization, financial inclusion, and energy sector reforms will a
Numbers may not sum precisely because of rounding.
b
A project with more than one source of cofinancing is counted once.
support the government in its macroeconomic management.
To build resilience, the bank will continue to support Pakistan
in climate adaptation and the transition to clean energy.
ADB will also help improve access to finance and support
public–private partnerships to steer the country’s economy back
to an inclusive, broad-based, and sustainable growth trajectory.
ADB AT A GLANCE MORE ABOUT PAKISTAN AND ADB
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Shareholding and Voting Power
Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Number of shares held: 231,240 (2.174% of total shares)
It has 68 members—of which 49 are from Asia and the Pacific and 19 outside. Votes: 270,354 (2.033% of total membership,
ADB headquarters is in Manila, Philippines and has 43 offices around the world, 3.122% of total regional membership)
with 3,775 staff from 66 members as of 31 December 2022. *Overall capital subscription: $3.08 billion
*Paid-in capital subscription: $153.9 million
ADB maximizes the development impact of its assistance to its members by
providing financing and tailored knowledge solutions through policy dialogue *United States dollar figures are valued at rate as of 31 December 2022.
and advisory services, among others. It mobilizes financial resources through
cofinancing from official, commercial, and export credit sources. Contributions to Special Funds Resources
Pakistan contributes to the Technical Assistance Special Fund
ADB met strong demand for its assistance in 2022. It unlocked greater resources for (TASF). The TASF provides technical assistance grants to
its members through the private sector and partnerships. ADB provided financing for developing member countries to help prepare projects and
climate change mitigation and adaptation initiatives, education quality and access, undertake technical or policy studies.
affordable health care, and more sustainable and climate-resilient food systems.
In 2022, 97% of ADB operations contributed to gender equality. ADB fostered **Contributions to the TASF (committed): $2.65 million
greater regional collaboration on issues such as health threats and tax cooperation. **US dollar figures are valued at date of commitment.
ADB also responded to demand for tailored knowledge solutions from its members.
ADB Governor: Sardar Ayaz Sadiq
ADB operations. In 2022, ADB committed $20.5 billion in loans, grants, equity
ADB Alternate Governor: Kazim Niaz
investments, guarantees, private sector programs, and technical assistance to
ADB Director: Noor Ahmed (Pakistan)
both the public and private sectors of its borrowing members. ADB bolstered its
ADB Alternate Director: Justine Sicat (Philippines)
total support with cofinancing of $11.4 billion.
ADB Director’s Advisors: Ronald Ray San Juan (Philippines) and
As of 31 December 2022, ADB’s cumulative commitments in 45 countries stood Erdenetuya Darinchuluun (Mongolia)
at $358.4 billion covering 4,189 loans, $12.6 billion in 566 grants, and $5.5 billion
in technical assistance grants, including regional technical assistance grants.
In addition to loans, grants, and technical assistance, ADB uses guarantees, equity
investments, and private sector programs to help its developing member countries. CONTACTS
Total commitments in nonsovereign loans, equity investments, and guarantees
Pakistan Resident Mission (PRM)
from ADB’s own funds in 2022 amounted to $1.1 billion for 37 transactions in
Established: 1989
economic and social infrastructure, finance sector, and agribusiness. Country Director: Yong Ye
In 2022, ADB mobilized $1.7 billion of long-term project cofinancing and Level 8, North Wing, Serena Business Complex Khayaban-e-
$5.3 billion of cofinancing through its Trade and Supply Chain Finance Program Suhrawardy, G-5 Islamabad, Pakistan
and Microfinance Program. Total outstanding balances and undisbursed Tel: +92 51 260 0351-69
commitments of nonsovereign transactions funded by ADB’s own resources Fax: +92 51 260 0365-66
stood at $12.8 billion as of 31 December 2022. adbprm@adb.org
www.adb.org/Pakistan
www.facebook.com/adbprm
FINANCING PARTNERSHIPS www.twitter.com/pakistanadb

Total sovereign and nonsovereign cofinancing commitments, 2022 ADB Headquarters

6 ADB Avenue, Mandaluyong City
• $11.39 billion for 165 projects, of which: 1550 Metro Manila, Philippines
» $11.2 billion, 75 investment projects, Tel: +63 2 8632 4444
» $126.49 million, 87 technical assistance projects, Fax: +63 2 8636 2444
» $60 million transaction advisory services mandates for 3 projects. www.adb.org
Cumulative sovereign and nonsovereign cofinancing commitments, 1970–2022
Ministry of Economic Affairs
• $151.87 billion for 3,292 projects, of which: Economic Affairs Division
» $147.81 billion, 1,163 investment projects, Pakistan Secretariat, Block C, Islamabad, Pakistan
» $2.92 billion, 2,120 technical assistance projects, Tel: +92 51 9219445
» $1.13 billion transaction advisory services mandates for 9 projects. Fax: +92 51 9218976

PROCUREMENT Useful ADB websites

ADB’s Procurement Contracts, 2022 Asian Development Bank
www.adb.org
Goods, Works, and Related Services
ADB’s procurement contracts in Asia and the Pacific for goods, works, and related Annual Report
services under loan and grant operations: www.adb.org/documents/series/adb-annual-reports
• $15.23 billion in 2021
• $16.19 billion in 2022 Asian Development Outlook
www.adb.org/publications/series/asian-development-outlook
• $247.06 billion covering 228,149 contracts, cumulative procurement since 1966.
Consulting Services ADB Data Library
ADB’s procurement contracts in Asia and the Pacific for consulting services under data.adb.org
loan, grant, and technical assistance operations:
Notes: (i) Figures are estimated by ADB unless otherwise stated.
• $706.65 million in 2021 “$” refers to United States dollars. (ii) Data are updated as of
• $535.61 million in 2022 31 December 2022 unless otherwise indicated.
• $15.45 billion covering 74,995 contracts, cumulative procurement since 1966.