The Asian Development Bank approved $381 million in financing for Pakistan. The funds will support major development projects in Punjab. The bank said the projects will upgrade agriculture, education, and health services.
The ADB stated that the financing will cover three targeted initiatives. These projects aim to modernise farming systems and improve resource management. They also seek to enhance school services for better learning outcomes.
Read more: ADB signs $61.8 million deals for urban transport, water sector
Moreover, the funds will support upgrades in health facilities across the province. The ADB said these improvements will strengthen service delivery. The projects will also help underserved communities access better care.
Officials noted that the development plans align with Punjab’s long-term goals. They aim to boost productivity and raise service standards. The ADB said the focus is on sustainable growth.
Read more: ADB approves $330 million loans for Pakistan’s power sector
Earlier, the ADB praised Pakistan’s efforts to reform public services. It said the new funds will help accelerate these reforms. The bank stressed that the ultimate goal is to support Punjab’s economic growth.