national

April 17, 2021

ADB report: Pak project performance drops to 58pc in 2018-2020 from 70pc in 2017-2019

ISLAMABAD: The Independent Evaluation Department of the Asian Development Bank has disclosed that Pakistan’s project performance dropped to 58pc in 2018-2020 from 70pc in 2017-2019 due to poor performance in the Public Sector Management and water sectors.This poor performance shows that Islamabad had to pay multimillion dollars on account of commitment charges under the PTI-led regime. The ineffective implementation has witnessed a surge in the penalty amount in the last few...