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Islamabad, August 28, 2025, 01:33 AM PKT – ADB Commits $500M for Pakistan’s Climate Resilience Projects
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The Asian Development Bank (ADB) pledged $500 million for Pakistan’s climate resilience and infrastructure projects on August 27, 2025, building on Prime Minister Shehbaz Sharif’s appreciation of their longstanding partnership. The commitment follows a high-level meeting with ADB President Masato Kanda at the PM’s House.
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Finance Minister Muhammad Aurangzeb told NEN, “This funding will bolster our climate and economic reforms.” The package includes $300 million for flood-resistant infrastructure in Sindh and $200 million for renewable energy in Balochistan, aligning with Pakistan’s reform agenda (web:0, web:2, web:11, web:23). Kanda praised Pakistan’s tax and energy sector reforms, noting ADB’s support for 15 projects since 2022 (web:0, web:11).
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The funding, set for ADB Board approval in October, aims to enhance disaster preparedness and economic stability, with 10,000 jobs expected from energy projects (web:2, web:24). Sharif directed ministries to expedite project timelines. “ADB’s support is pivotal for our progress,” he said. Stay updated at nenagency.com.
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