November2013January 2014

Pakistan
Quarterly Portfolio Performance Review
Third Fourth Quarter 20143

CURRENCY EQUIVALENTS
(301September December 20143)
Currency Unit Pakistan rupee
PR 1.00 = $0.009898540.009417
$1.00 = PRs 101.025106.19
ABBREVIATIONS
ADB
ADF
AGP
CPRM
DISCOs
EAD
ED
FY
GoB
GoKP
GoPb
GoS
IA
ICB
LAR
LARP
MoC
MFF
NCB
NHA
NTDC
OCR
PEPCO
PFR
PIU
PMU
PPP
PRM
PRs
PSU
QPPR
TA
ToR
W/A
W&SD

Asian Development Bank

Asian Development Fund
Auditor General of Pakistan
country portfolio review mission
distribution companies
Economic Affairs Department
Energy Department
fiscal year
Government of Balochistan
Government of Khyber Pakhtunkhwa
Government of Punjab
Government of Sindh
implementing agency
international competitive bidding
land acquisition and resettlement
land acquisition and resettlement plan
Ministry of Communications
multi-tranche financing facility
national competitive bidding
National Highway Authority
National Transmission and Despatch Company
ordinary capital resources
Pakistan Electric Power Company
periodic financing request
project implementation unit
project management unit
public private partnership
Pakistan Resident Mission
Pakistan rupees
project support unit
quarterly portfolio performance review
technical assistance
terms of reference
withdrawal application
Works and Services Department
NOTES

(i)
(ii)

The fiscal year (FY) of the Government ends on 30 June

In this report, $ refers to US dollars

CONTENTS

I.

INTRODUCTION

II.

PORTFOLIO OVERVIEW

III.

PORTFOLIO PERFORMANCE

IV.

SECTOR OVERVIEW

V.

SUMMARY OF MISSIONS AGENDA

APPENDICES
1.
2.
3.
4.
5.

CONTRACT AWARD AND DISBURSEMENTS PERFORMANCE

STATUS OF ONGOING PROJECTS
LIST OF LOANS AND GRANTS IN 2013
LIST OF TECHNICAL ASSISSTANCE IN 2013
LIST OF PROJECTS AND DETAILS FOR AUDIT COMPLIANCE

ANNEXURE
I-

PROJECT SUMMARY SHEETS AS OF 30 SEPTEMBER 2013

Pakistan
Quarterly Portfolio Performance Review
Third Fourth Quarter 20134
I.

INTRODUCTION

1. The Pakistan Quarterly Portfolio Performance Review Third Fourth Quarter 20134 (QPPRIIIV) will be conducted during 21xx-29xxNovember February 20134 by Asian Development
Bank (ADB) and the Government of Pakistan (the Government).It will be a joint review after
lapse of 4 months since after the annual country portfolio review (CPR) that was concluded
in October 2014. was carried out in July 2013. The QPPR-III will review the status of the
ADB-financed portfolio of loans and grants projects during the quarter up to the cut-off date
of 3031 SDecember eptember 20143.
2. The Mission will (i) review the status of agreed actions of CPR; (ii) examine the country
portfolio performance as measured by key indicators; (iii) assess the latest project outputs
achieved under the active portfolio; (iv) review progress in achieving disbursement and
contract awards target; and (iv) review the status of project specific agreed actions. This
background paper will be presented to the Government by the Mission and forms the basis
for discussion with the Government,and executing and implementing agencies.The Mission
will present the findings in the wrap-up meeting with Secretary EAD, followed by an Aide
Memoire.
II.

PORTFOLIO OVERVIEW

3. The Pakistan active public sector portfolio amounts to $35.5107 billion as of 310September
December 2014 3including 2435 active loans for 1725projects. There are214 technical
assistance (TA) projects amounting to $20.13.58 million. The accounts of all grants still
active in the second quarter were closed in the third quarter with the result that tThe portfolio
does not have
longer have any grant financed projects. Of the 17 projects, 3
projects($2During the year 2014, loan accounts of two projects (201.783 million) were
closed. that were competed in 2012 and 2013 still required closure of loan accounts 1.
Moreover, 141 projects ($1,990.24479 million) are scheduled to be completed in by 31
December 20135. with loan accounts scheduled to close in 2014. The remaining 10 24
ongoing projects ($32.3152 billion) will continue to be implemented beyond 2013in 2015
and onward as per the project implementation schedules.2Moreover 4 projects ($1.6 billion)
are expected to be approved in the last quarter of 2013, so that the total ongoing portfolio
value will increase to about $3.9 billion by end 2013.
4. During the year, overdue 3 grants and 3 two loans accounts were closed amounting to about
$550201.7 million. and further closure of accounts of $278 million is expected by end 2013.
All ongoing projects (except for Flood Emergency Reconstruction Projects) are now
subsequent tranches of multi tranche financing facility (MFF). The portfolio is now sharply
focused with energy, transport, and agriculture and irrigation, and transportaccounting for
more than 950% of the portfolio. In terms of lending modality, the multi tranche financing
facility (MFF) accounts for more than 751% of the active portfolio while the remainder (49%)
are project/program loans. The Asian Development Fund (ADF) provides $1,460.7558
million (1826%) for the active portfolio while remaining $4.2.15 billion (8274%) is financed
1Federally Administered Tribal Areas Rural Development Project was closed in October
2013
2 Unless projects are not extended that are scheduled to close on 31 December 2013
4

through ADBs Ordinary Capital Resources (OCR).

5. The average age of the ongoing loan portfolio is 34.1398 yearswith an average projected
implementation period of 65.28 years whereas the average time elapsed is i.e. about
6655.% of time is elapsed. The contract award commitment and disbursements stand at
$21.656 and $10.991 billion respectively, representing 5946% and 325% of the net active
portfolio loan amount of $52.5179 billion. The ongoing loan portfolio will phase out in 2018
2024 (unless extended) as; 20153 ($1,990.25479 million), 2014 ($938 million), 2015 ($410
million), 2016 ($752 1,121.34million) and 2017-182024 ($2122,402.90 million).
6. Third Quarter Historic Trend: The following figure shows a time series comparison of third
quarter contract awards/disbursements (CAD) projections and achievements. During the
same period, the size of portfolio decreased, from about $5.8 3 billion in 2009 to $3.1 billion in
2013due to decrease in policy based lending. Correspondingly, the disbursements during the
years decreased as well. However, looking at the portfolio excluding program lending,
contract awards moved upwards during 2009-2012 however in 2013, the contract
achievements were reduced. Lower contract awards in 2013 were as a result of no further
procurement activities in older ongoing projects; while in newer projects (approved in 2011
and 2012), low volume of contact awards are attributable to procurement delays or slow
start-up of procurement activities or unsuccessful procurement. On the other hand, project
disbursements in 2013 increased to $314 million, which is higher than last five years project
achievement in third quarter.
Figure-1: Third Quarter Projections and Achievements (2009-2013)

7. Changes till Quarter III: During the year, the active portfolio value was reduced from $3.46
billion to $3.07 billion as large amount of overdue projects accounts were closed and surplus
amount cancelled. The value of ongoing projects however remainedunchanged and stayed
at about $2.5 billion as new projects, which were approved in 2012, reached effectiveness in
2013. The CAD achievements were higher in the second quarter, slowed in third quarter.
While no substantial contract awards are expected in last quarter, additional disbursements
of about $135 millionmay be achieved, mostly depending upon performance in energy and
transport sectors.
Table-1: Quarterly Portfolio Changes in 2014
(Amounts in $ million)

3 Net Amount at the end of quarter

5

3
Description
Active Loans
Ongoing
Awaiting Signing
Awaiting Effectiveness
Awaiting Closure of Accounts
Closed Accounts

No.
No.
No.
No.
No.
No.

Active Grants
CAD
Contract Awards (quarter)
Disbursements (quarter)

III.

Unit
Projects
Projects
Projects
Projects
Projects
Projects

$b
$b
$m
$m
$m
$m

25
18
4
3
2

QTR-I
18 3.46
12 2.55
3
416
3
2

494
157

24
19
1
2
2
1

QTR-II
17 3.11
13 2.52
1
245
1
98
2
246
1
222

No | $m

3 | 143.5

3 | 143.5

$m
$m

45.8
78.1

292.7
143.5

24
20
1
3

QTR-III
17
3.07
13
2.54
1
3

245
278

19.9
93.4

PORTFOLIO PERFORMANCE

8. Performance Indicators: ADB monitors the implementation performance using the baseline
projections of contract awards and disbursements agreed with EAs/IAs at loan approval.
These projection targets are only revised during a midterm review (MTR), or after a major
change of scope, or approval of an extension of project duration of more than 12 months. By
the end of thirdquarter 2013, performance of 13ongoing loan financed projectswasrated. The
rating of the following 5projects have has been changing facing implementation challenges
and the ratingsover the past 4 quarters are given as detailed below.
Table-2: Project Performance Ratings of Ongoing Projects
Q1
On
Track

Ratings
Q2
Q3
On
On
Track
Track

On
Track

On
Track

On
Track

On
Track

On
Track

On
Track

NameName
MFF: Sindh Cities
Improvement
Investment
Program-Project 2

MFF: Punjab
Irrigated Agriculture
Investment
Program - Project 1
MFF-Power
Distribution
Enhancement
Investment
Program -Tranche

Remarks
Q4
Potential Rating dropped due to
Problem
delayed
start-up
delays
caused by delays in key
decision
making
and
approvals leading to lower
disbursements against the
projections for 2014.
Potential Rating dropped due to lower
Problem
disbursements against the
target for 2014.
Potential Rating dropped due to lower
Problem
disbursements against the
target for 2014.

NameName

Ratings
Q3

Remarks

Q1

Q2

On
Track

On
Track

On
Track

Potential Rating dropped due to lower

Problem
disbursements against the
target for 2014.

n.a.

n.a.

On
Track

Actual Rating dropped due to lower

Problem
disbursements against the
target for 2014.

Actual
Problem

On
Track

On
Track

On Track

MFF: National
Trade Corridor
Highway
Investment
Program-Tranche 2

n.a.

n.a.

n.a.

Actual
Problem

MFF: Energy
Efficiency
Investment
Program - Tranche
1
Social Protection
Development
Project

On
Track

On
Track

On
Track

Potential
Problem

Potentia
l
Problem

On Track

2
MFF: Power
Distribution
Enhancement
Investment
Program-Project 3
MFF: Power
Distribution
Enhancement
Investment
Program-Tranche 4
MFF-National
Trade Corridor
Highway
Investment
Program-Proj 1

Q4

Rating improved to On
Track in second quarter
and sustained till year end,
due to higher contract
award and disbursements
compared to the projections
for 2014, and compliance to
financial covenants.
The loan became effective in
Nov 2014. As of 31 Dec 2014,
20% project period has elapsed
but no contract could be
awarded. Similarly
disbursements are also only 3%
of the targets for 2014.
Rating deteriorated due to
lower CAD achievements
against the targets for
2014..

n.a = not applicable (since the loan not effective yet), Q = quarter

Flood Emergency
Reconstruction
Project

Actual
Problem

Actual
problem

Actual
Problem

On track

Power Transmission
Enhancement
Investment
Program - Tranche
III4

Potential
Problem

Potential
Problem

Actual
problem

Actual
problem

Punjab Irrigated

Potential

Actual

On track

Contracts were awarded

under national highway
component and
corresponding CAD

targets were revised for

the remaining project
period following Mid Term
Review Agreements
No contract was awarded
and related
disbursements. Mid Term
Review Missionwas
=
fielded to revise the
targets and monitor
project for the remaining
period.5
The rating is likely to

4Power Transmission Enhancement Investment Program (2290-PAK(SF)) Investment

Support Component is also rated as potential problem due to low CAD achievements versus
targets
5 Mid Term Review Mission was fielded from 16-25 September 2013
7

Agriculture
Investment
Program (PIAIP)
Tranche-II

Problem

Potential
Problem

problem

Sindh Cities
Improvement
Investment
Program (SCIIP) Tranche II

Potential
Problem

remain potential problem

due to low CAD
achievements as a result
of lower than anticipated
bid. It will be adjusted at
the Mid Term Review
Start-up delays due to
delays in key decision
making and approvals

Table 3: Ratings of Loans by Quarters of the Year

Quarters
1
Ratings
On Track
Potential Problem
Actual Problem
Total

No
.
21
1
22

2
%
95%

No
.
22

5%
100%

22

%
100%

No
.
21
3

%
88%
13%

100%

24

100%

No
.
17
6
2
25

%
68%
24%
8%
100%

9. Contract Award/Commitment and Disbursement Performance: According to the project

profile for the entire implementation period, $369 million was the target for contract
awards/commitment during the year at start of year as reflected in e-ops which was later
Figure 2: Contract Award and Disbursements in 2013 (as of 30 September 2013)
revised to $477 million. During quarterly portfolio review in first quarter of 2013 6, discussions
were held with EAs on the likely achievement of targets. In parallel to e-ops, EAs agreed to
award $580 million. During the course of year, some of the major contracts were not
awarded or bids came very low against EAs assessments; (i) low bids for New Khanki
Barrage(by about $40 million), (ii) delays in award of contracts in Power Transmission
Enhancement Investment Program Tranche III ($40 million), (iii) unsuccessful attempts to
engage a government owned entity by NHA under Flood Emergency Reconstruction Project
(FERP) ($60 million), (iv) start up delays under Sind Cities Improvement Investment
Program Tranche II ($45 million) and, (v) ongoing procurement in other projects which is not
finalized yet ($35 million).As of 30 September 2013, $359 million has been awarded so far.
With exception to few small contracts and contract variations, no major contractsmay be
awarded within the remaining period of 2013.
10. Similarly, the project profile for the entire implementation period recorded annual target of
disbursement as $551 million, which was later revised to $422 million after review missions
were carried out.The EAs assessment at the start of year was $553 million. As of 30
September 2013, $314 million was disbursed in projects. Between now and close of year,
major gap in EAs assessment and achievements is in energy sector ($120 million),
FERP($36 million), transport sector ($35 million), agriculture and natural resources sector
($28 million) and Sindh Cities Improvement Investment Program ($19 million). It is
anticipated that disbursements may increase to $450 million by close of year; energy and
transport sectorsmay likely to contribute in projects which are due for completion in 2013.
11.

6 Quarterly Portfolio Performance Review for Fourth Quarter 2012 19 to 28 February 2013

Figure 2: Contract Awards and Disbursements as of 31 December 2014

12. RP) ($60 million), (iv) start up delays under Sind Cities Improvement Investment Program
Tranche II ($45 million) and, (v) ongoing procurement in other projects which is not finalized
yet ($35 million).As of 30 September 2013, $359 million has been awarded so far. With
exception to few small contracts and contract variations, no major contractsmay be awarded
within the remaining period of 2013.
13. Similarly, the project profile for the entire implementation period recorded annual target of
disbursement as $551 million, which was later revised to $422 million after review missions
were carried out.The EAs assessment at the start of year was $553 million. As of
30September 2013, $314 million was disbursed in projects. Between now and close of year,
major gap in EAs assessment and achievements is in energy sector ($120 million),
FERP($36 million), transport sector ($35 million), agriculture and natural resources sector
($28 million) and Sindh Cities Improvement Investment Program ($19 million). It is
anticipated that disbursements may increase to $450 million by close of year; energy and
transport sectorsmay likely to contribute in projects which are due for completion in 2013.
14. Sector and EAs Performance: The following table presents the sector-wise achievements
against the targets showing the contract awards and disbursements performance against the
targets during 2014. Contract awards stood at $781.7 million for 2014 against the target of
$295.3 million, and the disbursements reached to a record level of $854.7 million against a
target of $834.9 million. The Energy sector ($692.6 million) followed by ANR ($58.4 million)
and PSM ($18.2 million) sector Projects agriculture and natural resources and FERP (multisector) have been the key drivers of contract awards. Energy sector also achieved the
highest disbursement ($496.6 million) followed by the Transport ($186.7 million), ANR ($90.7
million), and PSM ($68.2 million) sector projects. and disbursements. The details are given
in Appendixces 1.
Table-43: Contract Award and Disbursements by Sector 30 31 September December
20143
Sectors

Contract Award $m (2013)

Yearly Projections

Achieved till
Quarter - III

Disbursements $m (2013)
Yearly Projections

Achieved till
Quarter III

e-ops

By EAs

e-ops

By EAs

A&NR
Energy

231
82

261
64

206
4

127
143

82
199

53
79

MS

155

209

146

146

143

106

6
422a

104
25
553

69
6
314

Transport
W&OMIS
Total

10
477a

46
580

4
359

(75%) e-ops | (62%)

(74%) e-ops | (57%)
EAs
EAs
A&NR = Agriculture and Natural Resources, MS = Multisector, W&OMIS = Water & Other Municipal Infrastructure &
Services
a Targets from e-ops as of 30 September 2013

($ million)
#
1
2
3
4
5

Sector
ANR
Energy
PSM
Transport
W&OUIS
Total

Contract Awards 2014

Projected
Achieved
%
3.474
58.383
1681%
163.034
692.607
425%
0.135
18.170
13459%
117.944
4.404
4%
10.757
8.127
76%
295.344
781.691
265%

Disbursement 2014
Projected
Achieved
%
112.676
90.735
81%
552.285
496.591
90%
14.320
68.176
476%
140.730
186.689
133%
14.934
12.533
84%
834.945
854.725
102%

A&NR = Agriculture and Natural Resources, PSM = public sector management, MS = Multisector, W&OUMIS = Water & Other
Municipal Urban Infrastructure & Services
a Targets from e-ops as of 30 September 2013

15. The contract award and disbursement targets and achievements by leading EAs (by volume)
are presented below. These agencies are Irrigation departments (ID) of Punjab and Sindh,
NHA, all EAs in energy sector, PSU and NSUSC7, and W&S Sindh.As explained above,
major under achievement in contract awards is by Irrigation Department in Punjab (mostly
due to low bid for New Khanki Barrage), NHA, PSU&NSUSCand NTDC. Most of the EAs
met or exceeded the disbursements targets for third quarter except for EAs for Renewable
Energy Development Sector Investment Program and Energy Efficiency Investment Program
(MoW&P) due to delays in implementation resulting in low disbursements against the
targets.
Figure 3: Performance of EAs/IAs during 2013
(Against Targets till 3rdQuarter Agreed with EAs)

IV.

SECTOR OVERVIEW

16. Energy:There are 11active loans ($1,247 million), comprising 7projects and 4 MFF
investment support components (all financed under four MFFs). Of this, loan account closure
of one project8 is long overdue while two projects are scheduled to complete this year. The
details are given in Appendix 2. The investments in energy sector are for programs covering
energy efficiency, power distribution enhancement, power transmission enhancement and
renewable energy development. All projects are administered by federal government
organizations except for one MFF tranche for renewable energy development, for which
implementing agencies are from the provinces of Punjab and Khyber Pakhtunkhwa.
17. In 6 ongoing projects amounting to $1 billion (excluding project support components), the
cumulative contract awards and disbursements are $420 million and $217 million - about
7 Program Support Unit and North Sindh Urban Services Corporation
8Power Distribution Enhancement Investment Program (PDEIP) Tranche I
10

42% and 22% of the net loan effective amount respectively.The status of ongoing projects is
presented below:
i.

Energy Efficiency Investment Program Tranche I. During the CPR in July

2013 and previous portfolio reviews, both EAD and ADB showed serious
concerns on implementation of this project. It was agreed in CPR that all
deliveries of Compact Fluorescent Lamp (CFLs) under the contracts should start
immediately, followed by launch of media campaign and distribution of CFLs; all
activities to complete before the loan closing period. No substantial headway was
achieved since then and only first consignments have received in August and
September 2013. This project will fall in ADBs rating of Actual Problem in last
quarter of 2013.

ii.

A recent project review mission has identified priority actions 9 for Ministry of
Water and Power and PEPCO particularly in completing the deliveries by the loan
closing date and resultant disbursements of $21 million under Loan 2552 10. ADB
had received EADs request to extend the loan closing date to 31 December
2014. The decision in this respect is being deferred and ADB has requested biweekly reporting from PMU on delivery and distribution. For the investment
support component, the long overdue commitment in fully establishing Program
Management Office has not been met which has delayed commencement of
activities under the component especially commencement of procurement.

iii.

Renewable Energy Development Sector Investment Program Tranche I. The

project had been extended twice. The Government of Punjab (GoP) has
successfully awarded remaining 2 out of 3 contracts in December 2012 while
remaining one contract for Okara HPP has not been awarded. The Loan Review
Mission11and then CPR Mission documented that Punjab Energy Department
should inform ADB about the decision on immediate basis especially when there
were insufficient funds in the loan to finance this HPP. In the project, there are
$82 million of undisbursed contract balances and noting the date of contracts
effectiveness and their respective completion period, it is less likely that projects
in Punjab could be completed within the loan closing period.

iv.

Power Distribution Enhancement Investment Program (PDEIP). The

Tranche-I requires loan account closing which has been overdue since the
project implementation activities closed on 30 June 2012. A refund of about
$53,000 is pending and Government has been requested to arrange this on
urgent basis to settle the loan closure issues as agreed by EAD and EAs. The
performance of Tranche II is on track and DISCOs have shown impressive results
by exceeding the targets for disbursements, agreed at the start of the year and in
project records as well.The Tranche-III was approved in December 2012, signed
after lapse of 9 months and expected to be effective in November 2013. This
project has seen start-up delays however advance procurement actions initiated
by the project team may offset this delay.

v.

Power Transmission Enhancement Investment Program (PTEIP). The

Tranche-I had closed earlier this year. In Tranche-II, there had been continual
extension in deadlines for completion of remaining sub-projects. NTDC, EAD and
ADB had agreed during the CPR that all projects will be completed by the loan
closing date of 31 December 2013. So far, the progress of 7 on-going projects

9 Aide Memoire (Mission of 19-25 September 2013)

10 Subject to payment terms
11 Review Mission for Loan 2286/2287-PAK (16-26 April 2013)
11

ranges from 23% to 93% and it is expected that 5 subprojects are expected to be
completed by loan closing while 2 two subprojects in June 2014 (beyond the loan
completion date). The undisbursed contract balance is $48 million and it is
assessed that $25 to $30 million12will be disbursed during the remaining period of
the year.
vi.

The Tranche-III is the only project in the portfolio (as of 30 September 2013)
which is rated as Actual Problem project due to no contract awards and
disbursements13. The recent project review mission14listed key priority actions,
particularly pending procurement (500 KV transmission line and associated grid
stations estimated to cost $160 million carries the major project risks). The
mission had noted that unless NTDC meets its aggressive contract award
targets, it would be difficult for the project to be completed within the loan closing
date of 30 June 201.

18. Transport: The ongoing transport portfolio comprises three two projects (under two under
MFFs and one stand alone Project) for a total amount of $887.8400 million. These include
are National Trade Corridor Highway Investment Program (NTCHIP) Tranche I and Tranche
II, and National Highway Development Sector Investment Program (NHDSIPand the
t)ransport component of Flood Emergency Reconstruction Project. All three contracts under
the two projects have been awarded for $261 million. Total disbursements in under the two
projectstrenches of NTCHIP, as of 30September 31 December 20143, amounted to $12110
million. There is an uncommitted loan amount of $205.139 million and about $226.150
million is undisbursed loan amount in the awarded contracts. The bulk of this undisbursed
amount ($200.0 million) is related to Tranch II of NTCHIP which became effective in
November 2014.
19. Against the transport component of FERP, cumulative contract awards and disbursements
stood at $486.8 million and $413.6 million respectively as of 31 December 2014. The
contract awards on FERP for 2014 were $1.8 million against the target of $60.1 million,
whereas the disbursements were $107.8 million against the target of $71.6 million for the
year 2014. . Under the two MFFs, NHA has met the overall disbursements targets as
agreed in February 2013 due to overachievement in NHDSIP, offsetting slow progress (less
disbursement) on Motorway M-4 (NTCHIP).
20.
i.

National Trade Corridor Highway Investment Program Tranche I. The

contractors performance, which had lingered around 2% since the inception
of the project, took off to 4% in September 2013 mainly due to contractor
receiving financial support from its main office but further actions by
contractor are needed in sustaining the cash flow and ensuing progress. The
cumulative progress is 54.9%, 25.0% short of the accumulative target of
79.9%. To complete the project by the loan closing date (June 2014),
contractor should perform at the rate of 4-5% per month.

ii.

National Highway Development Sector Investment Program Tranche II.

The performance of contractor is satisfactory on Qilla Saifullah Zhob road
(91% against the target of 95%), considering which, the main works of the
project will be completed in October-November 2013 while minor remaining

12 To be confirmed during portfolio review meetings in November 2013

13 Except for interest and commitment charges
14 Review Mission for Loan 2846-PAK (16-25 September 2013)
12

works will be completed at latest before loan closing date of 31 December

2013.
iii.

The performance of contractor on Sukkur Jacobabad road has picked up from

6% monthly progress in April 2013 to 9.8% from June 2013 until September
2013. If the contractor continues this level of monthly progress until
November 2013, and likely achieve around 76% cumulative progress by the
end of 2013, then the extension in loan closing date will be reviewed by ADB.
National Trade Corridor Highway Investment Program Tranche II.. The
project was approved on 1 April 2014, and became effective on 11 November
2014. No contract has so far been awarded under the Project and only a
nominal disbursement of $0.013 million was made under this Project in
Quarter IV of 2014.

iv.

Flood Emergency Reconstruction Project. In national highways

component of FERP, NHA could not engage FWO through force account
procedure, despite approval from NHAs Board and ADB. As a result about
$60 million worth of loan amount remained uncommitted and the scope was
curtailed to 343 km. The overall progress is slow (13% against the planned
progress of 19%) and generally all ongoing contracts are behind schedule.
NHA could not achieve the CAD targets agreed in February 2013. All ICB
contracts and one force account project has completion schedule beyond the
loan closing date of 30 September 2014. These projects require critical
monitoring and oversight by NHA, EAD and ADB to minimize the left over
financing burden on Governments budget. The mid-term review Mission and
CPR made it clear that all awarded contracts shall be completed within the
current loan period, or otherwise any cost thereafter shall be financed by the
Government. The provincial road component also performed well. All
contracts under this component were completed in September 2014. The
overall progress is 100%..

21. In addition, there is a transport component of $418 million under Flood Emergency
Reconstruction Project. Of this, $287 million is to be implemented by NHA and $131 million
through the Sindh Works and Services Department (further explained under multi-sector).
22. Agriculture and Natural Resources: In the agriculture and natural resources, loan account
of one two project; Sindh Coastal Community Development Project Sustainable Livelihoods
in Barani Areas Project ($289.1834 million), and Power Distribution Enhancement
Investment Program Tranche 1 ($171.9 million) was were closed in February January 20134
while for MFF: Sindh Cities Improvement Investment Program Tranche 1 ($39.1 million) and
MFF: Energy Efficiency Investment Program - Tranche 1 ($30.0 million) Federally
Administered Tribal Areas Rural Development Project ($45.2 million)15, the accounts could
not be closed by 30 31 September December 20134. Similarly, the ,implementation activities
of MFF: Power Transmission Enhancement Investment Program-Tranche II ($165.0 million),
and MFF: National Highway Development Sector Investment Program Tranche II ($230
million) Sindh Coastal Community Development Project completed on 310 June December
20143 and now passing though winding-up period before closure of loan accounts. The
remaining projects are multiple tranches of the PIAIP. with status, as of 30 September 2013,
given below. With exception to low bid for New Khanki Barrage and remaining one contract
under Tranche I of PIAIP, tThe sector performance on contract award and disbursement
15

2234-PAK(SF) Federally Administered Tribal Areas Rural Development Project Both loans was closed in October June
20143

13

remained satisfactory. As of 31 December 2014, for ANR Projects contract awards were $
58.4 million against a target of $3.5 million, whereas the disbursements stood at $90.7
million against the target of $112.7 million during 2014. met the CAD targets till third quarter
2013 as agreed during February 2013.
23. On Tranche I, the performance of contractors on ICB contracts especially on Balloki Barrage
has not improved despite various efforts by the EA and ADB. It is recommended that EA
takes related contractual actions and establishes good contract administration for better
performance. As mentioned above, the contract of New Khanki Barrage under Tranche II
was awarded in May 2013 after rebidding which has improved the overall portfolio contract
commitments. The contract for the supervision consulting services was awarded in February
2013. The construction works is in progress. The Tranche III became effective on 6 June
2013 and procurement is in progress.
24.Multi-sector(Emergency): Theoverdue accounts related to Earthquake Emergency
Reconstruction Projects and two flood emergency grants of 2010 and 2011 were closed in
September 2013. The only ongoing project is Flood Emergency Reconstruction Project. In
national highways component, NHA could not engage FWO through force account
procedure, despite approval from NHAs Board and ADB. As a result about $60 million worth
of loan amount remained uncommitted and the scope is curtailed to 343 km. The overall
progress is slow (13% against the planned progress of 19%) and generally all ongoing
contracts are behind schedule. NHA could not achieve the CAD targets agreed in February
2013. All ICB contracts and one force account project has completion schedule beyond the
loan closing date of 30 September 2014. These projects require critical monitoring and
oversight by NHA, EAD and ADB to minimize the left over financing burden on Governments
budget.The mid-term review Mission and CPR made it clear that all awarded contracts shall
be completed within the current loan period, or otherwise any cost thereafter shall be
financed by the Government.
25.
26.On the contrary, FERP has seen impressive performance from the irrigation and drainage
and flood protection infrastructure component which has been completed more than a year
ahead of the loan closing period. This component has established good project
administration and best managed project practices. Likewise, provincial road component is
also progressing well. The overall progress is 86% against 92% and all projects will be
completednext year, well before the loan closing date.
27.Water and other municipal infrastructure and services sector: There are three two
ongoing loans ($137 95.4 million) for two projects under MFF Sindh Cities Improvement
Investment Program. The Tranche I will completed by in 31 December June 20134 and the
account closure is overdue by four months now. The outstanding issues under the program
are related to finalizing the Operational Support Fund (OSF) 2012-13 and approval of OSF
for 2013-14, elections for new Board and variations in ICB contracts (Tranche I). The
Tranche II was signed on 8 May 2013 and became effective on 30 July 2013. The current
project rating is Potential Problem due to start-up delays and not achieving the yearly
targets, both in project records finalized at inception as well as agreed at the start of the
year. Other than CAD targets, actions are required in opening of imprest account, expediting
procurement, releasing counterpart funds for both operations and capital works, restructuring
of NSUSC according to summary approved by CM, addressing legal impediments to
outsourcing operation to NSUSC in the local government ordinance and clarifying issue of
staff salaries.
V.

SUMMARY OF MISSIONS AGENDA

28.The following table presents the summary of proposed agenda of the Mission. The projects
details are presented in respective project summary sheets attached as Annexure I which
14

present the status of agreements of last portfolio review and proposed actions (for
discussion and confirmation).
Table-4: Summary of Missions Agenda
Sr.
No.
1

Matter Requiring Attention

Projects due for closure in 2013
Power Transmission Enhancement Investment
Program Tranche II
Sindh Cities Improvement Investment Program
Tranche I
National Highway Development Sector Investment
Program Tranche II
Energy Efficiency Investment Program Tranche I

Actions

Confirm the completion of

scope and discuss
challenges at closing
Confirm disbursement
during remaining period of
2013 and winding up
period of 4 months in
2014
Discuss Governments
proposal for extension of
loan closing (where
requested)
Projects due for closure in 2014
Confirm the completion of
Renewable Energy Development Sector Investment
scope and discuss
Program
challenges at closing
National Trade Corridor Highway Investment
Confirm remaining CAD in
Program Tranche I
2013 and 2014
Flood Emergency Reconstruction Project (National
Highways)
Projects with Implementation Challenges
Agree on specific actions
Refer: Table 2 above
as outlined in project
summary sheets
Loan Account Closure
Agreeon actions and
MFF-Power Distribution Enhancement Investment
timelines for loan account
Program Tranche I
closing
Sindh Coastal Community Development Project
Compliance with Audit Requirements
Discuss the status of
Status of submission of annual audited project
submissions and agree for
financial statements, audit reports, and management full compliance. As of 30
letter for FY 2012-13 (Appendix 5)
September 2013, no
reports have been received
at ADB.

Memorandum of Understanding of Country

Portfolio Review 2013

Finalize the MOU and

follow up on actions

Project Specific Action Plan

Refer: Project Summary Sheets (Annexure)

Discuss the status of

agreements of last portfolio
review and agree on next
steps

15

Appendix-1
Contract Awards and Disbursements Achievements from 1 January 2014 to 31 December 2014
($ million)
Contract Awards 2014
#

Project Name and Number

Agriculture, natural resources and rural development

Targets

Achieved

3.474

58.383

Disbursement 2014
Targets
1
12.676

1
2
3
4
5

2310-PAK(SF): Sindh Coastal Community Development Project

2299-PAK: MFF-Punjab Irrigated Agriculture Investment Program - Project 1
2300-PAK(SF): MFF-Punjab Irrigated Agriculture Investment Program - Project 1
2841-PAK(SF): Punjab Irrigated Agriculture Investment Program (Tranche 2)
2971-PAK: MFF:Punjab Irrigated Agriculture Investment Program-Project 3

Energy

6
7
8
9
10
11
12
13
14
15
16
17
18
19

2286-PAK: MFF-Renewable Energy Devt Sector Investment Program-Project1

2287-PAK(SF): MFF-Renewable Energy Devt Sector Investment Program-Project I
2290-PAK(SF): MFF-Power Transmission Enhancement Investment Program-Tranche 1
2396-PAK: MFF-Power Transmission Enhancement Investment Program-Proj II
2846-PAK: Power Transmission Enhancement Investment Program-Tranche 3
2438-PAK: MFF-Power Distribution Enhancement Investment Program Proj 1
2439-PAK(SF): MFF-Power Dist'n Enhancement Investment Prog-Tranche1,Support Pro
2727-PAK: MFF-Power Distribution Enhancement Investment Program -Tranche 2
2972-PAK: MFF: Power Distribution Enhancement Investment Program-Project 3
3096-PAK: MFF: Power Distribution Enhancement Investment Program-Tranche 4
2552-PAK: MFF-Energy Efficiency Investment Program - Tranche 1
2553-PAK(SF): MFF-Energy Efficiency Investment Program - Tranche 1
3092-PAK(SF): Jamshoro Power Generation Project
3126-PAK(SF): Sustainable Energy Sector Reform Program

Public sector management

20 3049-PAK(SF): Social Protection Development Project

Transport

Achieved
90.735

0.144
3.330

0.023
0.282
58.078

104.103
0.915
7.325
0.333

(0.265)
37.664
1.419
40.486
11.431

163.034

692.607

552.28
5

496.59
1

0.062
0.975
7.803
30.000
26.025
73.800
10.069
14.300
-

0.063
0.975
167.810
9.234
114.514
0.853
399.158

26.195
0.156
37.137
0.484
0.600
51.186
15.000
20.254
0.005
2.108
399.160

25.190
0.103
0.391
16.241
13.435
(0.053)
1.640
24.507
11.122
0.106
4.570
0.182
399.158

0.135

18.170

14.32
0

68.17
6

0.135

18.170

14.320

68.176

117.944

4.404

140.73

186.68

Appendix-1

Contract Awards 2014

#

21
22
23
24
24
25

Project Name and Number

2540-PAK: MFF-National Highway Development Sector Investment Program-Proj 2

2400-PAK: MFF-National Trade Corridor Highway Investment Program-Proj 1
3121-PAK: MFF: National Trade Corridor Highway Investment Program-Tranche 2
2742-PAK-01: Component A and B: National Highways And Provincial Roads
2742-PAK-02: Component C: Irrigation And Drainage and Flood Protection
2743-PAK(SF): Flood Emergency Reconstruction Project

Water and other urban infrastructure and services

26 2499-PAK(SF): MFF-Sindh Cities Improvement Investment Program-Project 1

27 2975-PAK: MFF: Sindh Cities Improvement Investment Program-Project 2
28 2976-PAK(SF): MFF: Sindh Cities Improvement Investment Program-Project 2
Total

Targets

Achieved

Disbursement 2014
Targets

Achieved

45.504
6.800
60.052
5.588

2.600
1.804
-

41.819
26.377
0.500
71.579
0.455

48.066
30.238
0.013
107.233
0.482
0.657

10.757

8.127

14.93
4

12.53
3

1.449
2.363
6.945

0.638
1.859
5.630

8.202
1.682
5.050

6.849
1.448
4.236

295.344

781.691

834.945

854.725

Appendix-1

Appendix-2
Status of Ongoing Projects as of 31 December 2014
($ million)

#
Loan
Agriculture, natural resources and rural development
1

2299-PAK: MFF-Punjab Irrigated Agriculture Investment

Program - Project 1
2
2300-PAK(SF): Mff-Punjab Irrigated Agriculture Investment
Program - Project 1
3
2841-PAK(SF): Punjab Irrigated Agriculture Investment
Program (Tranche 2)
4
2971-PAK: MFF:Punjab Irrigated Agriculture Investment
Program-Project 3
Energy
5
6
7
8
9
10
11
12
13
14

2286-PAK: MFF-Renewable Energy Devt Sector Investment

Program-Project1
2287-PAK(SF): MFF-Renewable Energy Devt Sector
Investment Program-Project I
2290-PAK(SF): MFF-Power Transmission Enhancement
Investment Program-Tranche 1
2846-PAK: Power Transmission Enhancement Investment
Program-Tranche 3
2439-PAK(SF): MFF-Power Dist'n Enhancement Investment
Prog-Tranche1,Support Pro
2727-PAK: MFF-Power Distribution Enhancement Investment
Program -Tranche 2
2972-PAK: MFF:Power Distribution Enhancement Investment
Program-Project 3
3096-PAK: MFF:Power Distribution Enhancement Investment
Program-Tranche 4
2553-PAK(SF): MFF-Energy Efficiency Inv Prog - Tranche 1
3126-PAK(SF): Sustainable Energy Sector Reform Program

Remain
-ing
Imp.
Period
(Years)

Uncommitted
Loan
Amount

Undisbursed
Loan
Amount

Undisbursed
Contract
Amount

Cumulative
Contract
Awards

Cumulative
Disbursement

208.995

208.278

141.009

0.7

0.716

67.986

67.269

10.185

9.214

7.534

0.7

0.971

2.651

1.680

253.547

193.973

77.171

2.0

59.574

176.377

116.802

73.000

58.078

11.478

2.2

14.922

61.522

46.601

116.178

115.944

62.189

1.5

0.234

53.989

53.755

5.318

3.111

2.872

1.5

2.207

2.446

0.239

10.052

5.036

3.600

2.0

5.016

6.452

1.436

243.240

167.810

13.981

1.5

75.430

229.259

153.829

9.027

8.362

3.510

4.0

0.665

5.517

4.852

172.300

131.767

99.999

0.7

40.533

72.301

31.767

245.000

114.514

11.122

2.0

130.486

233.878

103.392

167.200

0.853

0.106

2.5

166.347

167.094

0.748

18.558
399.158

1.300
399.158

0.672
399.158

2.2
0.4

17.258
-

17.887
-

0.628
-

413.355

18.170

68.176

4.5

395.185

345.179

-50.007

Net Loan
Amount

Public sector management

15

3049-PAK(SF): Social Protection Development Project

Transport

Appendix-2

#
16

Loan
2400-PAK: MFF-National Trade Corridor Highway Investment
Program-Proj 1
17
3121-PAK: MFF: National Trade Corridor Highway Investment
Program-Tranche 2
18
2742-PAK-01: Component A and B: National Highways And
Provincial Roads
18
2742-PAK-02: Component C: Irrigation and Drainage And
Flood Protection
Water and other urban infrastructure and services
19
20

2975-PAK: MFF: Sindh Cities Improvement Investment

Program-Project 2
2976-PAK(SF): MFF: Sindh Cities Improvement Investment
Program-Project 2
Total Ongoing

Remain
-ing
Imp.
Period
(Years)
0.2

Uncommitted
Loan
Amount
4.554

Undisbursed
Loan
Amount
26.147

Undisbursed
Contract
Amount
21.593

3.0

200.000

199.988

-0.013

248.045

0.4

54.448

125.894

71.446

167.280

165.555

0.4

0.595

2.320

1.725

25.100

1.859

1.463

2.6

23.241

23.637

0.396

70.288

5.630

4.236

2.6

64.658

66.052

1.394

3,328.31
6

2,071.27
5

1,441.74
2

1,257.042

1,886.57
5

629.53
3

Net Loan
Amount
146.000

Cumulative
Contract
Awards
141.446

Cumulative
Disbursement
119.853

200.000

0.013

373.939

319.491

167.875

Appendix-2

Appendix-3
List of Loans in 2014 as of 31 December 2014

Approval
No.

Name

Approval

Effectivity

15.Jan.07
18.Dec.06

27.Feb.08
24.Aug.07

Original
Closing

Rev/
Actual
Closing

Status

Fund

Net Loan
Amount
($ million)

30.Jan.14
30.Sep.15

Closed
Ongoing

ADF
OCR

29.834
208.995

Agriculture, natural resources and rural development

1
2

2310-PAK(SF)
2299-PAK

Sindh Coastal Community Development Project

MFF-Punjab Irrigated Agriculture Investment
Program - Project 1

30.Jun.13
30.Sep.1
3

Appendix-3

#
3

Approval
No.
2300-PAK(SF)

2841-PAK(SF)

2971-PAK

3239-PAK(SF)

7
8

3159-PAK
3160-PAK(SF)

Status
Ongoing

Fund
ADF

Net Loan
Amount
($ million)
10.185

Ongoing

ADF

253.547

Ongoing

OCR

73.000

Not yet effective

ADF

42.466

Not yet effective

Not yet effective

OCR
ADF

50.000
94.265

30.Jun.16

Ongoing

OCR

116.178

30.Jun.16

Ongoing

ADF

5.318

Ongoing

ADF

10.052

Ongoing

OCR

165.000

Ongoing

OCR

243.240

Closed

OCR

171.894

Ongoing

ADF

9.027

Ongoing

OCR

172.300

Ongoing

OCR

245.000

Ongoing

OCR

167.200

OCR

30.000

31.Mar.17

Require account
closing
Ongoing

ADF

18.558

30.Jun.15
31.Mar.19
30.Jun.24

Ongoing
Not yet effective
Not yet effective

ADF
OCR
OCR

399.158
840.000
30.000

Original
Closing
30.Sep.1
3
31.Dec.1
6
31.Mar.17

Rev/
Actual
Closing
30.Sep.15

Name
MFF-Punjab Irrigated Agriculture Investment
Program - Project 1
Punjab Irrigated Agriculture Investment Program
(Tranche 2)
MFF: Punjab Irrigated Agriculture Investment
Program-Project 3
Federally Administered Tribal Areas Water
Resources Dev't Project
Trimmu And Panjnad Barrages Improvement Project
Trimmu And Panjnad Barrages Improvement Project

Approval
18.Dec.06

Effectivity
24.Aug.07

22.Dec.11

17.Feb.12

13.Dec.12

06.Jun.13

MFF-Renewable Energy Devt Sector Investment

Program-Project1
MFF-Renewable Energy Devt Sector Investment
Program-Project I
MFF-Power Transmission Enhancement Investment
Program-Tranche 1
MFF-Power Transmission Enhancement Investment
Program-Proj II
Power Transmission Enhancement Investment
Program-Tranche 3
MFF-Power Distribution Enhancement Investment
Program Proj 1
MFF-Power Dist'n Enhancement Investment ProgTranche1,Support Pro
MFF-Power Distribution Enhancement Investment
Program -Tranche 2
MFF: Power Distribution Enhancement Investment
Program-Project 3
MFF: Power Distribution Enhancement Investment
Program-Tranche 4
MFF-Energy Efficiency Investment Program Tranche 1
MFF-Energy Efficiency Investment Program Tranche 1
Sustainable Energy Sector Reform Program
Jamshoro Power Generation Project
Jamshoro Power Generation Project

13.Dec.06

29.Nov.07

30.Jun.12

13.Dec.06

29.Nov.07

30.Jun.12

13.Dec.06

11.May.07

17.Dec.07

17.Apr.09

31.Dec.14

22.Dec.11

21.Feb.12

31.Dec.1
6
31.Dec.1
3
30.Jun.16

12.Sep.08

13.Jan.09

30.Jun.12

03.Jan.14

12.Sep.08

13.Jan.09

14.Dec.10

05.Oct.11

14.Dec.12

10.Dec.13

13.Dec.13

18.Jul.14

31.Dec.1
8
30.Sep.1
5
31.Dec.1
6
30.Jun.17

22.Sep.09

30.Aug.10

31.Jul.12

22.Sep.09

30.Aug.10

24.Apr.14
09.Dec.13
09.Dec.13

28.Apr.14

15.Dec.14

30.Sep.2
0
31.Mar.21
31.Mar.21

22.Sep.14
22.Sep.14

Energy

2286-PAK

10

2287-PAK(SF)

11

2290-PAK(SF)

12

2396-PAK

13

2846-PAK

14

2438-PAK

15

2439-PAK(SF)

16

2727-PAK

17

2972-PAK

18

3096-PAK

19

2552-PAK

20

2553-PAK(SF)

21
22
23

3126-PAK(SF)
3090-PAK
3091-PAK

30.Jun.14

Appendix-3

#
24
25

Approval
No.
3092-PAK(SF)
3203-PAK

Name
Jamshoro Power Generation Project
MFF: Power Transmission Enhancement Investment
Program-Project 4

Original
Closing
31.Mar.19
31.Dec.1
6

Approval
09.Dec.13
03.Dec.14

Effectivity

Social Protection Development Project

Public Sector Enterprise Reforms Project

22.Oct.13
04.Dec.14

24.Jun.14

30.Jun.19
30.Jun.20

26.Aug.09

21.Sep.09

17.Dec.07

22.Dec.08

31.Dec.1
3
30.Jun.14

01.Apr.14

11.Nov.14

27.Jun.14

Rev/
Actual
Closing

Status
Not yet effective
Not yet effective

Fund
ADF
OCR

Net Loan
Amount
($ million)
28.113
248.000

Ongoing
Not yet effective

ADF
ADF

413.355
19.524

31.Dec.14

Ongoing

OCR

230.000

31.Mar.15

Ongoing

OCR

146.000

Ongoing

OCR

200.000

Not yet effective

OCR

127.000

25.May.15

Ongoing

OCR

373.939

25.May.15

Ongoing

OCR

167.875

Require account
closing
Not yet effective

ADF

47.716

OCR

195.000

Public sector management

26
27

3049-PAK(SF)
3214-PAK(SF)

Transport
28

2540-PAK

29

2400-PAK

30

3121-PAK

31

3197-PAK

32

2742-PAK-01

32

2742-PAK-02

32

2743-PAK(SF)

MFF-National Highway Development Sector

Investment Program-Proj 2
MFF-National Trade Corridor Highway Investment
Program-Proj 1
MFF: National Trade Corridor Highway Investment
Program-Tranche 2
MFF: National Trade Corridor Highway Investment
Program - Tranche3
Component A and B: National Highways and
Provincial Roads
Component C: Irrigation And Drainage and Flood
Protection
Flood Emergency Reconstruction Project

33

3134-PAK

National Highway Network Dev In Balochistan

25.Nov.14
30.Mar.11

26.May.11

30.Mar.11

26.May.11

30.Mar.11

26.May.11

31.Dec.1
7
10.Dec.1
7
30.Sep.1
4
30.Sep.1
4
30.Sep.1
4
31.Dec.1
8

Water and other urban infrastructure and services

34

2499-PAK(SF)

35

2975-PAK

36

2976-PAK(SF)

MFF: Sindh Cities Improvement Investment

Program-Project 1
MFF: Sindh Cities Improvement Investment
Program-Project 2
MFF: Sindh Cities Improvement Investment
Program-Project 2

Total
Water and other urban infrastructure and services

19.Dec.08

06.Mar.09

18.Dec.12

30.Jul.13

18.Dec.12

30.Jul.13

31.Dec.1
2
31.Aug.1
7
31.Aug.1
7

30.Jun.14

Require account
closing
Ongoing

ADF

39.078

OCR

25.100

Ongoing

ADF

70.288
5,716.206

Appendix-3

Approval
No.

Name

Approval

Effectivity

Original
Closing

Rev/
Actual
Closing

Status

Fund

Net Loan
Amount
($ million)

Appendix-4
List of Active Technical Assistance Projects
(As of 31 December 2014)
#
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

TA
No.
7795
8309
8337
8371
8404
8405
8406
8410
8443
8488
8531
8648
8683
8735
8862
8772
8795
8796
8800
8832
8818

Title
CAPACITY BUILDING FOR THE FLOOD EMERGENCY RECONSTRUCTION PROJECT
CAPACITY BUILDING FOR ENHANCED SAFEGUARDS MANAGEMENT
SOCIAL PROTECTION DEVELOPMENT PROJECT
JAMSHORO POWER GENERATION PROJECT
JALALPUR IRRIGATION PROJECT
REGIONAL IMPROVING BORDER SERVICES PROJECT
PROVINCIAL ROAD IMPROVEMENT PROJECT
POWER DISTRIBUTION ENHANCEMENT INVESTMENT PROGRAM 2
SUPPORT FOR EFFICIENT STRUCTURING OF PPP IN PUNJAB & SINDH PROVINCES
PREPARING MFF KHYBER PAKHTUNKHWA WATER RESOURCES SECTOR
KARACHI BUS RAPID TRANSIT PROJECT
DETERMINING THE POTENTIAL FOR CARBON CAPTURE AND STORAGE
PUNJAB INTERMEDIATE CITIES IMPROVEMENT INVESTMENT PROGRAM
IMPROVED INVESTMENT CLIMATE FOR MINERAL SECTOR DEVELOPMENT IN PAKISTAN
IMPLEMENTATION SUPPORT FOR THE RURAL FINANCIAL INCLUSION FACILITY
STRENGTHENING THE CENTRAL POWER PURCHASING AGENCY
PESHAWAR SUSTAINABLE BUS RAPID TRANSIT CORRIDOR
PUBLIC SECTOR ENTERPRISES REFORM PROGRAM
BALOCHISTAN WATER RESOURCES DEVELOPMENT
PRIORITIZING INTERVENTIONS FOR FINANCIAL SECTOR DEVELOPMENT IN PAKISTAN
POWER TRANSMISSION ENHANCEMENT INVESTMENT PROGRAM II
Total

Type
CDTA
CDTA
PPTA
PPTA
PPTA
PPTA
PPTA
PPTA
PATA
PPTA
PPTA
CDTA
PPTA
PATA
CDTA
CDTA
PPTA
PPTA
PPTA
SPATA
PPTA

Approval
30-Mar-11
10-Dec-12
11-Mar-13
27-May-13
18-Jul-13
18-Jul-13
18-Jul-13
29-Jul-13
05-Sep-13
24-Oct-13
06-Dec-13
14-May-14
10-Jul-14
16-Sep-14
28-Nov-14
3-Dec-14
15-Dec-14
15-Dec-14
15-Dec-14
15-Dec-15
16-Dec-15

Closing
30-Sep-15
06-Dec-14
30-Sep-15
31-Mar-15
27-Mar-15
30-Apr-15
31-Mar-15
31-Dec-15
31-Mar-15
31-Aug-15
31-Aug-15
31-Aug-15
29-Feb-16
30-Sep-15
31-Dec-18
31-Jul-16
31-Jan-16
31-Dec-18
31-Dec-16
30-Nov-15
31-Dec-15

Amounts
In
US$ 000
4,000
550
650
525
800
800
700
1,500
225
1,000
825
1,000
800
225
225
1,500
1,500
500
1,100
225
1,500
20,150

Appendix-4
CDTA = capacity development technical assistance

, PATA =
policy advisory technical assistance, PPTA = project preparatory technical assistance, SPATA = small-scale policy advisory technical assistance, TA = technical assistance

Appendix-5

List of Loans requiring submission of Audited Project Financial Statements, Audit Reports and Management
Letter

Appendix-5