ADB to provide $1.2b assistance for institutional reforms
Islamabad: The Asian Development Bank will provide Pakistan 1.2 billion dollar assistance to Pakistan every year for up-gradation of infrastructure and institutional reforms, state media reported on Sunday.
According to sources at Economic Affairs Division, the assistance will continue till 2019. The Country Partnership Strategy for Pakistan approved by the bank will target six sectors, including energy, transport, agriculture, natural resources and rural development.
Under the Strategy, the Bank will support rehabilitation of power transmission and distribution systems, construction and rehabilitation of highways and provincial roads connecting to the National Trade Corridor.
It will also provide assistance for water infrastructure upgrades in parts of Balochistan, Khyber Pakhtunkhwa and Punjab.
The Asian Development Bank will collaborate with the country in expanding outreach of Benazir Income Support Programme (BISP) to an additional 2.4 million women