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ADB to support domestic resource mobilization in Pakistan: Omar Ayub

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Vice President (Operations) of Asian Development Bank, Shixin Chen called on Federal Minister for Economic Affairs Omar Ayub Khan here and discussed the ADB’s technical and financial assistance for Pakistan including ongoing portfolio and priority areas for future interventions.

At present, 37 ADB-Funded development projects worth US$ 7.9 billion are under implementation across the country in energy, road and transport, agriculture, urban infrastructure and social sector.

During the current fiscal year, ADB has disbursed US$ 1.1 billion for various development projects and programs. The Minister for Economic Affairs appreciated the ADB for their continued and enhanced financial assistance to the Government of Pakistan. It was acknowledged that ADB has become the leading development partner of Pakistan in the recent years.

The Minister also acknowledged the ADB’s timely support for addressing health and socioeconomic challenges amid COVID-19 pandemic. ADB has provided over US$ 1.3 billion for COVID-19 response including social protection, vaccination and budgetary support for fiscal stimulus.

The Minister highlighted that through the National Coordination Committee on Foreign Funded Projects, EAD had significantly improved physical progress and disbursement against the ongoing projects by removing major bottlenecks including delays in land acquisition, right of way issues and hiring of project staff.

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The Minister shared that Economic Affairs Division was going to implement triad model i.e. physical progress verification by satellites, financial tracking and use of Gantt Charts for efficient monitoring and smooth implementation of the projects.

The Minister, while appreciating the ADB’s continued support to Pakistan, assured the Vice President, ADB that the Government was committed to complete structural reforms in multiple areas. Both the sides discussed new reform areas for ADB’s assistance including Domestic Resource Mobilization, Climate Change and Public-Private Partnerships.

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Domestic Resource Mobilization would help the government to create fiscal space through enhanced revenue collection and overcome the challenge of fiscal deficit.

It was agreed to enhance investments in road sector, agriculture, renewable energy, digital connectivity, vocational education and social sector. Shixin Chen acknowledged the GoP’s efforts for reforms in Trade, Energy and Capital Markets.

He also commended the GoP’s successful response against COVID -19 pandemic including mass vaccination program, social protection and relief measures for general public, agriculture and industry.

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He appreciated that ADB’s disbursement for development projects had increased by 25 percent in a year due to continuous efforts and follow-ups of EAD & ADB Teams. In this regard, he commended the Minister for Economic Affairs for his proactive approach and dedicated efforts for reviewing the progress of projects on regular basis.

Omar Ayub Khan and Shixin Chen agreed to continue discussing ways to deepen ADB and Pakistan’s development partnership. Nianshan Zhang, Deputy Director General, Aiming Zhou, Senior Adviser, Yong Ye, Country Director, Asad Aleem, Deputy Country Director and Nasruminallah Mian, Senior Project Officer of ADB also joined the meeting.

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Aviation

LAX Passenger Volume Surge Today, Nov 23: Exploring the 500% Increase

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If you are reading this from the floor of Terminal 4 near the American Airlines check-in, I’m sorry. If you are reading this from the comfort of your couch, stay there.

Today, November 23, Los Angeles International Airport (LAX) isn’t just busy; it is a kinetic experiment in human density. Early reports and viral social media metrics are tossing around a staggering figure: a 500% increase in passenger volume. While the statisticians will eventually smooth that number out against year-over-year averages, the feeling on the ground is undeniable.

We aren’t just seeing a holiday rush. We are witnessing a “perfect storm” of logistics, psychology, and policy collision.

The “Why”: Anatomy of a Super-Surge

To understand why the 500% figure feels real, you have to look at the calendar. We are sandwiched between two massive pressure points.

  1. The Post-Shutdown Rebound: We are barely ten days out from the end of the 43-day government shutdown. For over a month, flight restrictions and FAA staffing shortages throttled capacity. Today represents the breaking of that dam. The “500%” isn’t just normal traffic; it’s the release of six weeks of pent-up business and leisure travel that was artificially suppressed until mid-November.
  2. Thanksgiving Proximity: It is the Sunday before Thanksgiving. Historically, this is a “yellow alert” day, ramping up to the “red alert” of Wednesday. But combined with the post-shutdown floodgates, today has effectively become the busiest travel day of the decade.
  3. The Infrastructure Gap: Construction on the Central Terminal Area curbside improvement just began. This means lanes are closed exactly when volume is quintupling.
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The Reality Check: A Terminal-by-Terminal Breakdown

The raw numbers (82 million Americans traveling this week) are abstract. The reality at LAX today is visceral.

  • The Loop (World Way): It is currently a parking lot. The “horseshoe” design of LAX, finalized in an era when a 500% surge was mathematically impossible, is failing. Ride-shares are cancelling en masse because they simply cannot enter the central terminal area without losing an hour of revenue.
  • TSA Checkpoints: This is where the “500% surge” hits hardest. With TSA staffing still restabilizing post-shutdown, PreCheck lines are bleeding into general boarding. The unspoken social contract of the airport queue is fraying.
  • The Lounge Economy: Even the sanctuaries are overrun. The Delta Sky Club and the Star Alliance Lounge are reportedly operating “one-in, one-out” policies. When you can’t even buy your way out of the crowd, you know the system is saturated.

The Verdict: Is This the New Normal?

Is the “500% increase” a fluke or a forecast?

My verdict is that this is a warning shot. The aviation industry has been celebrating the “return to travel” since 2022, but today proves we have returned with a vengeance that our infrastructure cannot handle. We are trying to pour a gallon of water into a shot glass.

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If you are traveling today, you are not a passenger; you are a participant in a logistical stress test. The infrastructure is crumbling not under neglect, but under sheer, unpredicted demand. The “Revenge Travel” narrative was supposed to end last year; instead, it has mutated into “Habitual Travel,” where flyers are willing to endure almost any level of friction to move.

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Survival Guide: Navigating the Surge

If you must fly out of LAX in the next 24 hours, standard advice no longer applies.

  • Abandon the Loop: Do not get dropped off at your terminal. It is a trap. Get dropped off at the LAX-it lot or a nearby hotel (like the Hyatt Regency) and walk. The 15-minute walk will save you 45 minutes of gridlock.
  • Digital Sentry: Watch your flight status like a hawk. With this volume, one delayed inbound aircraft creates a domino effect that will wipe out the entire evening board.
  • Pack Patience (and Snacks): The food court lines are currently longer than the security lines. If you didn’t bring food, you are fasting.

The bottom line: The 500% surge is real in impact, if not in exactitude. Today, LAX is not an airport; it is a city under siege. Proceed with caution, and if you can, maybe wait until Tuesday.

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Startups

🌐 The Global Blockchain Show 2025 Is Coming to Abu Dhabi – December 10–11, 2025

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The blockchain world is converging in Abu Dhabi this December for one of the most anticipated Web3 events of the year: the Global Blockchain Show 2025, taking place December 10–11, 2025. With over 7,000+ attendees, 250+ global speakers, and 350+ pioneering companies, this summit promises to be a powerhouse of innovation, networking, and strategic insight globalblockchainshow.com Cointelegraph.

🚀 A Premier Web3 & Crypto Conference

Organized by VAP Group and powered by Times of Blockchain, the Global Blockchain Show is more than just a conference—it’s a launchpad for the future of decentralized technology. Held at a world-class venue in Abu Dhabi, the event will spotlight the UAE’s bold leap into blockchain adoption across government, enterprise, and finance Cointelegraph.

🔍 What to Expect

1. Global Thought Leadership

Hear from 250+ blockchain pioneers, founders, and policy shapers driving the next wave of innovation. Topics will span:

  • Web3 infrastructure
  • Tokenization and DeFi
  • Blockchain regulation and compliance
  • Enterprise integration and smart contracts

2. Elite Networking

Rub shoulders with:

  • Top-tier investors
  • Tech giants
  • Startups and developers
  • Government officials and regulators

This is your chance to forge partnerships that could shape the next decade of blockchain evolution.

3. Immersive Exhibitions

Explore cutting-edge solutions from 350+ companies showcasing the latest in crypto, NFTs, metaverse, and enterprise blockchain applications.

🌍 Why Abu Dhabi?

Abu Dhabi is rapidly emerging as a global blockchain hub, with progressive regulation, strong institutional support, and a thriving tech ecosystem. The city’s commitment to digital transformation makes it the perfect host for a summit of this scale and ambition.

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🎯 Who Should Attend?

This event is ideal for:

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  • Blockchain founders and developers
  • Crypto investors and analysts
  • Web3 startups and entrepreneurs
  • Government and enterprise leaders
  • Legal and compliance professionals

Whether you’re building the next unicorn or shaping policy, the Global Blockchain Show offers unparalleled access to insights, capital, and community.

📅 Save the Date

Global Blockchain Show 2025
🗓️ Dates: December 10–11, 2025
📍 Location: Abu Dhabi, UAE

Ready to be part of the future?
Visit the official website to register, explore the agenda, and secure your spot among the world’s top blockchain minds globalblockchainshow.com.

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Events

🌍 World School Summit 2026 – Malaysia

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34th Edition | 24th January, 2026

Introduction

Education is evolving faster than ever, and the leaders shaping tomorrow’s schools must stay ahead of global trends. The World School Summit, now in its 34th edition, is set to take place in Malaysia on 24th January, 2026. This prestigious gathering will unite the world’s top educators, school owners, principals, directors, and institutional leaders for a transformative day of learning, networking, and collaboration.

Why the World School Summit Matters

The summit is more than just an event—it’s a global platform for innovation in education. With participants from across continents, the summit fosters dialogue on the most pressing challenges and opportunities facing schools today.

Key highlights include:

  • 🌐 Global Networking: Connect with principals, directors, and school owners from diverse regions.
  • 💡 Thought Leadership: Hear from pioneering educators and experts on the future of learning.
  • 📈 Strategic Insights: Explore new models of school management, leadership, and institutional growth.
  • 🤝 Collaborative Opportunities: Build partnerships that extend beyond borders.

Who Should Attend

The World School Summit is designed for:

  • Principals and School Leaders
  • Directors and School Owners
  • Educators and Teachers
  • School Management Professionals
  • Education Institutes and Policy Makers

Whether you’re leading a single institution or shaping national education policy, this summit offers actionable strategies and global perspectives to elevate your impact.

Malaysia: The Perfect Host

Malaysia, with its rich cultural diversity and growing reputation as a hub for international education, provides the ideal backdrop for this global summit. Attendees will not only gain professional insights but also experience the country’s vibrant culture and hospitality.

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Looking Ahead

As the 34th edition of the World School Summit, this event builds on decades of success, continually adapting to the changing landscape of education. The 2026 summit promises to be one of the most impactful yet, setting the tone for the future of schools worldwide.

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Call to Action

🎓 Join us in Malaysia on 24th January, 2026, and be part of the movement shaping the future of education.

👉 Reserve your seat today and secure your place among the world’s top educators.

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