logo

ADB approves $180m loan for Pakistan

Wednesday, 29 November 2023



KARACHI, Nov 28 (Reuters): The Asian Development Bank said on Tuesday it had approved a $180 million loan to improve water supply and solid waste management services in two cities in Pakistan's Punjab province.
"This project will help make municipal services in these two cities more sustainable, resilient, and less carbon-intensive," ADB Director General for Central and West Asia Yevgeniy Zhukov said in a statement.
The projects are for the cities of Rawalpindi and Bahawalpur, and the loan is part of a total of $10 billion.
The donors include the Islamic Development Bank with $4.2 billion, the World Bank with $2 billion, Saudi Arabia with $1 billion, as well as the European Union and China.