• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Sunday, January 11, 2026
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

ADB approves $320mn for Khyber Pakhtunkhwa road rehabilitation

September 13, 2024
in Markets
ADB approves $320mn for Khyber Pakhtunkhwa road rehabilitation
Share on FacebookShare on TwitterWhatsapp

The Asian Development Bank (ADB) on Friday approved a $320-million loan to support the rehabilitation of roads in Khyber Pakhtunkhwa, enhancing safe and all-weather connectivity in rural areas.

As per a statement released by the ADB, the Khyber Pakhtunkhwa Rural Roads Development Project will upgrade around 900 kilometers of rural roads in the province that are susceptible to floods and are in poor condition.

“These cover key routes that link remote communities to education, health care, and markets. The project includes measures to incorporate climate-resilient design, road safety enhancement, and sustainable maintenance practices,” read the statement.

“Road transport is both a lifeline to the people and a key component of socioeconomic development in Pakistan. This vital infrastructure project will reduce travel time, lower transportation costs, and increase access to economic opportunities for millions of residents in Khyber Pakhtunkhwa,” ADB Director General for Central and West Asia Yevgeniy Zhukov was quoted as saying.

“By providing better access to markets and services, we are empowering local communities and driving inclusive economic growth in one of Pakistan’s most underserved regions.”

ADB approves $400mn concessional loan for Sindh Emergency Housing Reconstruction Project

TheADB said the project will offer technical and financial support to assist the government in preparing long-term targeted interventions that will enhance the climate resilience and sustainability of the province’s road network.

ADB approves $250mn loan to boost public-private partnerships in Pakistan

“ADB will help the government conduct a comprehensive study on flood susceptibility, with a focus on landslide vulnerability across the province, to identify priority roads,” said ADB Senior Transport Specialist Seunghyun Kim.

“We will support the government in preparing concessional contracts for the operation and maintenance of two tourism roads, which will contribute to the sustainability of the road network.”

In its statement, the ADB added that annual rainfall and temperature patterns have significantly increased in parts of KPK, and the lack of resilient infrastructure escalated the impact of disasters on people and livelihoods.

Tags: ADBADB loanAsian Development BankFloods in PakistanKhyber pakhtunkhwaKhyber Pakhtunkhwa Rural Roads Development ProjectPakistan Economy
Share15Tweet10Send
Previous Post

No more debates with Kamala Harris: Trump

Next Post

Faked video targeting France and UAE likely Russian despite Moscow’s links to Gulf Arab states

Related Posts

PAAPAM calls for removal of SBP’s Rs3mn cap on car financing
Markets

Auto parts association calls for removal of SBP’s Rs3mn cap on car financing

January 11, 2026
Gold per tola gains Rs3,700 in Pakistan
Markets

Gold per tola gains Rs3,700 in Pakistan

January 10, 2026
PAAPAM calls for removal of SBP’s Rs3mn cap on car financing
Markets

PAAPAM calls for removal of SBP’s Rs3mn cap on car financing

January 10, 2026
SPI-based weekly inflation rises slightly
Markets

SPI-based weekly inflation rises slightly

January 10, 2026
Govt orders solarisation of high-loss PESCO, QESCO feeders
Markets

Govt orders solarisation of high-loss PESCO, QESCO feeders

January 10, 2026
Trump says US oil pledged $100bn for Venezuela
Markets

Trump says US oil pledged $100bn for Venezuela

January 11, 2026

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    127 shares
    Share 51 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    55 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    48 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    48 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.