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| Photo File (Hum News) |
The Government of Pakistan has signed two major development agreements worth a total of $304.5 million with the Asian Development Bank (ADB) to strengthen climate resilience and agricultural sustainability in Sindh and Punjab.
According to a spokesperson for the Ministry of Economic Affairs, one agreement involves the $180.5 million Sindh Coastal Resilience Sector Project, while the second covers the $124 million Punjab Climate-Resilient and Agricultural Mechanization Project.
The agreements were formally signed by Secretary Economic Affairs Muhammad Hamir Karim and ADB Country Director Emma Fan, with representatives of the Sindh and Punjab governments also signing on behalf of their respective provinces.
Under the Sindh Coastal Resilience Project, the Asian Development Bank will provide a $140 million loan along with a $0.5 million technical assistance grant. The project is aimed at improving climate resilience and protecting vulnerable coastal communities.
Secretary Economic Affairs stated that the Sindh project will directly benefit the districts of Thatta, Sujawal, and Badin by enhancing coastal protection and strengthening local livelihoods against climate-related risks.
Meanwhile, the Punjab Climate-Resilient and Agricultural Mechanization Project will be implemented across 30 districts of the province to boost agricultural productivity and environmental resilience. The Punjab government will also contribute $5 million to the project.
Under this initiative, small farmers will gain improved access to climate-smart agricultural machinery. Officials said the core objective of both projects is to promote climate resilience and sustainable development in the face of increasing environmental challenges.
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