Business

ISLAMABAD (STaff Report) – The Asian Development Bank will provide Pakistan 1.2 billion dollar assistance to Pakistan every year for up-gradation of infrastructure and institutional reforms which will continue till 2019.

According to Economic Affairs Division, the ADB’s new strategy for Pakistan will target six sectors, including energy, transport, agriculture, natural resources and rural development.

Under the Strategy, the Bank will support rehabilitation of power transmission and distribution systems, construction and rehabilitation of highways and provincial roads connecting to the National Trade Corridor.

It will also provide assistance for water infrastructure upgrades in parts of Balochistan, Khyber Pakhtunkhwa and Punjab.

The Asian Development Bank will collaborate with the country in expanding outreach of Benazir Income Support Programme (BISP) to an additional 2.4 million women beneficiaries.