ADB approves $1.2 Billion annual aid for Pakistan for the next 5 years.

[aslash]

 

[Dubious]

ADB to provide Pakistan $1.2 billion annually for infrastructure development

Majority of the assistance will be earmarked for improvement in power, transport, agriculture and urban services sectors. PHOTO: AFP

The Asian Development Bank (ADB) has agreed to provide an assistance package to Pakistan worth about $1.2 billion for infrastructure development and institutional reforms, Radio Pakistan reported.

According to the bank’s new five year partnership strategy, majority of the assistance will be earmarked for improvement in power, transport, agriculture and urban services sectors.

Further, the bank’s collaboration with other development partners will subsequently support the rehabilitation of power transmission and distribution systems along with the construction and reintegration of highways and provincial roads connecting the national trade corridor.

Other than helping with the rehabilitation of the Indus Basin Irrigation System, the package will invest in Karachi, Peshawar and Punjab’s upcoming transport projects.

According to reports, ADB will also assist the Benazir Income Support Programme to expand its outreach to an additional 2.4 million women beneficiaries as well as help establish a government owned disaster risk fund in order to mitigate risks and enhance resilience to natural disasters.

ADB to provide Pakistan $1.2 billion annually for infrastructure development - The Express Tribune

Since power and distribution system and irrigation is included lets hope some improvement happens in these sectors!

 

[Karan Gulati]

Good news. Pakistan badly needed this aid

 

[ganesh623]

If its a loan, why dont these newspaper just call it a loan ?
Aid makes the recepient sound like a beggar.

 

[Dubious]

If its a loan, why dont these newspaper just call it a loan ?
Aid makes the recepient sound like a beggar.

its the new term used.....

 

[ice_man]

weird at the same time we had this news:

ADB paints gloomy picture over deficit, growth targets - The Express Tribune

ADB paints gloomy picture over deficit, growth targets


how weird

as for the debate of loan or "grant"

here is the answer:

Asian Development Bank and Pakistan: Fact Sheet | Asian Development Bank

 

[Dubious]

weird at the same time we had this news:

ADB paints gloomy picture over deficit, growth targets - The Express Tribune

ADB paints gloomy picture over deficit, growth targets


how weird

as for the debate of loan or "grant"

here is the answer:

Asian Development Bank and Pakistan: Fact Sheet | Asian Development Bank

When you have unpar jahil they just sign anything where money is coming in and show it as growth....

 

[S.Y.A]

 

[black-hawk_101]

How much load does Pakistan has taken since ? Heard that it had already reached to $80 Billions.