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Pakistan, ADB Seal Project Readiness Deals as Bank Approves $381 Million Loan for Punjab

The new financing broadens cooperation from transport preparation to wider social-sector support in Punjab.

Overview

  • ADB approved $381 million for Punjab to strengthen agriculture, education and health, including a $120 million concessional portion and a $4 million grant.
  • Separately, Pakistan and ADB signed three agreements covering project preparation and water development totaling $61.8 million.
  • The signed instruments include $10 million for ML‑1 KarachiRohri project readiness, $3.8 million for Quetta BRT preparation and $48 million in additional financing for Balochistan water resources.
  • Signatories included Secretary Economic Affairs Muhammad Kareem, Secretary Railways Mazhar Ali Shah and ADB Country Director Emma Fan.
  • Officials from both sides emphasized timely use of funds and described the rail PRF as an early step toward modernization and improved connectivity.