Pak paid USD100 Million penalty to ADB for failing to implement projects in last 15 years


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Showing a classic example of "bad governance" in implementing "donor-funded" projects in Pakistan, the country paid approximately USD100 million penalty to the Asian Development Bank (ADB) for its failure to implement some projects during the last 15 years. Various governments in the country since 2006 paid foreign exchange reserves of approximately USD100 million, reported The News.