Overview
- Pakistan and ADB signed financing agreements for a $330 million Second Power Transmission Strengthening Project and a $400 million Accelerating SOE Transformation Program, according to the Economic Affairs Division.
- The transmission investment is expected to evacuate up to 2,300 MW from upcoming hydropower projects, ease overloading on existing lines, and improve grid resilience under contingencies.
- The SOE program will reinforce compliance with the SOE Act 2023 and SOE Policy 2023, with particular emphasis on improving the National Highway Authority’s efficiency and transparency.
- ADB Country Director Emma Fan and Economic Affairs Secretary Muhammad Humair Karim formalized the agreements and said both sides are committed to effective, timely implementation.
- Separately, ADB and Sindh officials discussed a proposed $2 billion provincial pipeline across education, health, transport, housing, skills development, and coastal resilience, including projects to strengthen secondary education and the nursing workforce.