ISLAMABAD: The Asian Development Bank (ADB) will give Pakistan $1.2 billion for completion of projects of power, transport, agriculture and urban services sectors.
According to Radio Pakistan, under the agreement, the bank in its new five year partnership strategy with Pakistan will provide the amount annually for infrastructure development and institutional reforms.
Apart from collaborating in rehabilitation of power transmission and distribution systems, construction and repair of highways, ADB will also help rehabilitate the Indus Basin Irrigation System and invest in transport projects in urban centres of Sindh, Khyber Pakhtunkhwa and Punjab. The assistance package will expand the outreach of Benazir Income Support Programme (BISP), the poverty reduction initiative started by country’s federal government back in 2008.
