ADB Approves $381 Million Financing to Modernize Agriculture, Education, and Health Services in Punjab, Pakistan
Pakistan, Dec. 5 -- The Asian Development Bank (ADB) has approved three projects totaling $381 million to advance agriculture, education, and health services in Punjab Province, Pakistan. These development projects aim to foster economic growth in the province, which accounts for more than half of the country's population and economic activity. A $120 million concessional loan and $4 million grant have been allocated for the Punjab Climate-Resilient and Low-Carbon Agriculture Mechanization Project to accelerate the province's transition to modern, disaster-resilient, and low-carbon agriculture practices, benefiting 220,000 rural farm households. The project will help mechanize farming and provide alternative livelihoods for agricultural wor...
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