ADB To Approve Four Projects Worth US $ 750 Million To Pakistan Next Week: Liepach
Rukhshan Mir (@rukhshanmir) Published November 14, 2016 | 08:30 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 14th Nov, 2016 ) : Country Director Asian Development Bank (ADB) Dr.Werner E.Liepach here on Monday disclosed that the bank would approve a soft term loan amounting to US $ 750 million for four projects to Pakistan next week.
The Country Director of ADB told a group of journalists that his banks would approve four projects namely Pehur High level canal extension project, Access to clean energy investment programme, National disaster risk management fund, and public-private partnership investments in Sindh province.
"We have recommended four soft term loan projects worth US $ 750 million and these projects would be finally approved by ADB board in Manila next week," Dr.
Werner E.Liepach said. Under the energy project thousands of schools would be equipped with solar system while under the disaster risk management fund initiative would help reduce life and properties in case of any disaster like earthquake and would be a model project, he added.
He also appreciated the government for the implementing the development project for welfare of people of the country.
Related Topics
Recent Stories
PTI backed SIC nominates Hamid Raza for role of PAC chairman
PM vows to work for country along with students
US ambassador meets Senate Chairman, discusses bilateral ties
UHS to issue MBBS degrees within three months after final result
Aiman Khan granted UAE Golden Visa
PSX achieves significant milestone, surpasses 72,000 mark
Pak Vs NZ T20I: Orphaned children extended special invitation to watch match
Finance Minister lauds UNDP’s unwavering support during floods
President Raisi leaves for Iran from Karachi
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 24 April 2024
Today Gold Rate in Pakistan 24 April 2024
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
More Stories From Business
-
Jam Kamal leads efforts to enhance IT Capacity for trade monitoring
32 minutes ago -
SECP pushes adoption of IFRS 17 by Insurance sector
1 hour ago -
PSX turns bullish, gains 692 more points
1 hour ago -
RTO Peshawar makes historic seizure of illegal cigarettes worth Rs 162.6 mln
1 hour ago -
LCCI for deferment of SROs hurting businesses
1 hour ago -
Three schemes approved
2 hours ago
-
PCJCCI keen to boost Peach industry in Swat
2 hours ago -
IPO to celebrate World Intellectual Property day on 26th April
2 hours ago -
Iranian president's visit to help ensure mutual prosperity: state minister
3 hours ago -
Soyabean, palm oil imports grew 53.07%, 28.55% in 09 months
3 hours ago -
Gold rates up by Rs.1,100 per tola to Rs.242,000
3 hours ago -
Shipping activity at Port Qasim
4 hours ago