ADB approves $275m loan for surface irrigation system in Jhelum and Khushab

Author: PPI

ISLAMABAD: The Asian Development Bank’s (ADB) board of directors has approved a $275 million loan to help build a surface irrigation system to increase agricultural production and improve food security in the Jhelum and Khushab districts. The project is expected to benefit 384,000 people.

“Having a sufficient and effective irrigation system is fundamental for the development of Pakistan’s agriculture sector – a significant driver of the country’s economy,” said ADB Central and West Asia Department Principal Water Resources Specialist Ryutaro Takaku. “ADB’s support will help increase agricultural production and improve food security in Pakistan.”

According to a statement issued on Friday, agriculture remains a crucial component of Pakistan’s economy, contributing 20% of gross domestic product and employing 42% of Pakistan’s total labour force in fiscal year 2015, with Punjab contributing more than 80% of agricultural output. Because of the country’s semi-arid climate, more than 90% of agriculture output depends on irrigation. Pakistan’s advantage is the Indus Basin Irrigation System, which draws water from the Indus River. However, about 20% of the country’s cultivable area including the project area is outside the Indus Basin Irrigation System. Farming in most of these areas is rain-fed, resulting in low agricultural productivity. Some of the country’s poorest people live in these areas and depend on agriculture for their income.

Published in Daily Times, November 25th 2017.

Share
Leave a Comment

Recent Posts

  • Pakistan

Gandapur, Bushra Bibi Resurface at KP Assembly Speaker’s Residence Amid Political Turmoil

Former Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur and Bushra Bibi, wife of PTI founder…

13 hours ago
  • Top Stories

Trump’s team signs formal transition agreement with Biden administration

US President-elect Donald Trump's transition team has officially signed a memorandum of understanding with the…

13 hours ago
  • Pakistan

Pak-US relations have huge potential to grow: US experts

Relations between Pakistan and the U.S. have the potential to grow and scale up in…

13 hours ago
  • Pakistan

Imran calls for ‘fight till the end’ as govt rules out talks

Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan has lauded his party's supporters in Islamabad and D-Chowk,…

23 hours ago
  • Pakistan

Pakistan, Belarus to fast-track bilateral deals, sign several MOUs

Pakistan and Belarus on Tuesday agreed on the early realization of bilateral accords to enhance…

23 hours ago
  • Pakistan

Kurram clashes death toll rises to 99 as truce falters

The death toll from the recent violence that has plagued the Khyber Pakhtunkhwa's Kurram district…

23 hours ago