Improved Investment Climate for Mineral Sector Development in Pakistan (ADB-48275-001)

Countries
  • Pakistan
Where the impacts of the investment may be experienced.
Specific Location
Balochistan
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Canceled
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 16, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ministry of Petroleum and Natural Resources
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • Mining
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.23 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 2, 2017

Disclosed by Bank Mar 31, 2016


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Project Description
This project identifies measures that will improve rules on mining investment, licensing and revenue sharing by reviewing mining contracts and identifying key issues, that explain how international best practice and the sample mining contracts can be used to set a high standard for mining projects in Balochistan and other provinces. Additionally, it will review the current legal framework in Balochistan for the issuance of exploration licenses and mining licenses, compare this to international best practice and what is recommended in the EI Source Book and identify changes which will mitigate the risk of arbitrary, discretionary regulatory decisions. Also, it will review of existing fiscal and procedural rules and mechanisms in Pakistan which allocate mineral sector revenue and compare them to international best practice and what is recommended in the EI Source Book.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Ministry of Petroleum and Natural Resources 21 E. Huma Plaza, Blue Area Islamabad ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main