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ADB to support Pakistan with $1.2 bn annually

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Asian Development Bank would supply an assistant package of approximately 1.2 billion dollars to Pakistan every year for infrastructure development and institutional reforms.

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In the light of ADB’s newly formed five year partnership agenda with Pakistan, the amount of the financial assistance will be given for enhancement in power, transport, agriculture and urban services departments.

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In collaboration with other development partners, the bank would support rehabilitation of power transmission and distribution systems, construction and rehabilitation of highways and provincial roads that connect to the national trade corridor. The bank would also assist to rehabilitate the Indus Basin Irrigation System and invest in bus quick transit systems in Karachi, Peshawar and Punjab.

The bank would also support to expand the Benazir Income Support Program its outreach to an additional 2.4 million women beneficiaries.

Additionally, the ADB would also help set up a government owned disaster risk fund to root out risks and increase resilience to natural disasters.

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