Islamabad: The Asian Development Bank (ADB) on Thursday (May 26) announced a proposal of USD 2 billion in funding for development projects in Pakistan during the coming months, news sources reported. The funding will be released following consultation with public and private organisations.
According to reports, the ADB would support initiatives related to food security, water, irrigation, and education. The announcement was made by ADB Deputy Country Director Asad Aleem during a consultation meeting with the Lahore Chamber of Commerce and Industry (LCCI) in Lahore. He stated that consultative sessions had also been held with the governments of Sindh and Punjab in order to ensure the proper execution of vital programmes for Pakistan’s development.
LCCI Senior Vice President Mian Rehman Aziz Chan said on the occasion that ADB has funded approximately USD 37 billion for the country’s socio-economic development since 1996. This excellent collaboration has resulted in the development of society’s lowest segments
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
