• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Saturday, December 6, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

ADB approves $381mn financing for Pakistan’s Punjab

December 6, 2025
in Markets
ADB approves $381mn financing for Punjab
Share on FacebookShare on TwitterWhatsapp

The Asian Development Bank (ADB) has approved three projects totalling $381 million to advance agriculture, education, and health services in Punjab.

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, read a statement on Saturday.

“Investing in education, health, and agricultural mechanisation will play a transformative role in driving the growth of Punjab, a vital pillar of Pakistan’s economy,“ said ADB Country Director for Pakistan Emma Fan.

“These strategic investments will modernise agriculture, enhance human capital, and significantly improve livelihoods for millions of people across Punjab.”

Pakistan, ADB sign $61.8mn agreements for three development initiatives

A $120 million concessional loan and a $4 million grant have been allocated to the Punjab Climate-Resilient and Low-Carbon Agriculture Mechanisation Project to accelerate the province’s transition to modern, disaster-resilient, and low-carbon agricultural practices, benefiting 220,000 rural farm households.

ADB highlighted that Punjab is the breadbasket of Pakistan, producing 75% of its wheat, 69% of its rice, and 91% of its maize. However, the province faces challenges due to its reliance on outdated machinery, resulting in significant grain losses.

Additionally, farmers are often compelled to burn crop residues, a practice that worsens air pollution and poses serious health risks to the population. To address these issues, the project promotes the adoption of modern agricultural mechanisation, such as rice harvesters.

ADB has also approved $107 million for the Responsive, Ready, and Resilient Science, Technology, Engineering, and Mathematics Secondary Education in Punjab Program. This includes a $7 million grant from ADB’s Asian Development Fund and a $100 million loan from ADB’s ordinary concessional capital resources.

“The results-based program aims to modernise secondary education by enhancing inclusive Science, Technology, Engineering, and Mathematics (STEM) education across Punjab. The project, implemented by the Punjab School Education Department, will improve access to quality education for students across the province,” read the statement.

Lastly, ADB has approved a $150 million concessional loan for the Punjab Nursing and Health Workforce Reform Program to enhance nursing education, develop disaster-resilient training facilities, and strengthen health workforce governance in Punjab.

The Manila-based lender noted that Pakistan faces a shortage of qualified nurses amid growing global demand for trained nurses.

“The results-based program will focus on upgrading nursing curricula, expanding faculty development initiatives, and implementing a digital human resource management information system to align workforce planning with healthcare service needs. By expanding the pool of qualified nurses, predominantly women, the program will improve health service delivery across the province,” said ADB.

Under the nursing program, three centres of excellence will be established in Lahore, Multan, and Rawalpindi. These centres will feature state-of-the-art simulation laboratories, digital learning platforms, and gender-responsive hostels, addressing Punjab’s demand for a skilled healthcare workforce capable of meeting growing local needs and employment opportunities abroad.

Share15Tweet10Send
Previous Post

IMF official praised Pakistan as ‘very good example of reform, resilience’: Finance ministry

Next Post

After an 18-year wait, Karachi welcomes the nation’s athletes

Related Posts

Binance delegation meets PM Shehbaz, Field Marshal Asim Munir
Markets

Binance delegation meets PM Shehbaz, Field Marshal Asim Munir

December 6, 2025
Gold price drops by Rs2,300 per tola in Pakistan
Markets

Gold price drops by Rs2,300 per tola in Pakistan

December 6, 2025
ADB approves $381mn financing for Punjab
Markets

ADB approves $381mn financing for Punjab

December 6, 2025
Putin offers India ‘uninterrupted’ oil
Markets

Putin offers India ‘uninterrupted’ oil

December 6, 2025
Pakistan, ADB sign $61.8mn agreements for three development initiatives
Markets

Pakistan, ADB sign $61.8mn agreements for three development initiatives

December 5, 2025
Wall St futures steady ahead of key inflation report
Markets

Wall St futures steady ahead of key inflation report

December 5, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 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

    54 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

    47 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.