{"id":99703,"date":"2024-10-03T14:45:01","date_gmt":"2024-10-03T09:45:01","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=99703"},"modified":"2024-10-03T18:02:07","modified_gmt":"2024-10-03T13:02:07","slug":"adb-grants-for-flood-recovery-in-pakistan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/adb-grants-for-flood-recovery-in-pakistan.html","title":{"rendered":"ADB approves grant to upgrade 900 km of flood-affected KP roads"},"content":{"rendered":"\n<p>Islamabad: The Asian Development Bank (ADB) has approved a significant grant aimed at upgrading 900 kilometers of flood-affected roads in Khyber Pakhtunkhwa (KP), as reported on October 03.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/adb-pledges-usd-2bn-annual-loan.html\" target=\"_blank\" rel=\"noreferrer noopener\">ADB pledges USD 2bn annual loan support to Pakistan<\/a><\/p>\n\n\n\n<p>As per details, this initiative is part of three projects totaling USD 658.8 million aimed at enhancing infrastructure and connectivity in the region, which has been severely impacted by the devastating floods. Additionally, these projects focus on improving domestic resource mobilization, rehabilitating schools damaged by the August 2022 floods, and boosting agricultural productivity to enhance food security.<\/p>\n\n\n\n<p>ADB Director General for Central and West Asia Yevgeniy Zhukov emphasised that this financing will aid Pakistan\u2019s recovery from last year\u2019s cost-of-living crisis and floods, steering the nation toward long-term sustainable growth.<\/p>\n\n\n\n<p>The Improved Resource Mobilisation and Utilisation Reform Program, with a USD 300 million policy-based loan, aims to strengthen tax administration and public expenditure management. The Sindh Secondary Education Improvement Project will receive an additional USD 275 million to reconstruct up to 1,600 flood-damaged schools with climate-resilient designs, supporting learning recovery, especially for girls in vulnerable districts.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/adb-funds-usd-320m-project-to-improve-kp.html\" target=\"_blank\" rel=\"noreferrer noopener\">ADB funds USD 320m project to improve KP\u2019s rural road connectivity<\/a><\/p>\n\n\n\n<p>Furthermore, an USD 80 million concessional loan will be allocated to the Khyber Pakhtunkhwa Food Security Support Project, enhancing food security and rural livelihoods. This project will provide essential agricultural inputs and training to smallholder farmers, focusing on women\u2019s empowerment and improved nutrition.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Asian Development Bank (ADB) has approved a significant grant aimed at upgrading 900 kilometers of flood-affected roads in Khyber Pakhtunkhwa (KP), as reported on October 03. Read: ADB pledges USD 2bn annual loan support to Pakistan As per details, this initiative is part of three projects totaling USD 658.8 million aimed at enhancing infrastructure and connectivity in the region, which has been severely impacted by the devastating floods. Additionally, these projects focus on improving domestic resource mobilization, rehabilitating schools damaged by the August 2022 floods, and boosting agricultural productivity to enhance food security. ADB Director General for Central and West Asia Yevgeniy Zhukov emphasised that this financing will aid Pakistan\u2019s recovery from last year\u2019s cost-of-living crisis and floods, steering the nation toward long-term sustainable growth. The Improved Resource Mobilisation and Utilisation Reform Program, with a USD 300 million policy-based loan, aims to strengthen tax administration and public expenditure management. The Sindh Secondary Education Improvement Project will receive an additional USD 275 million to reconstruct up to 1,600 flood-damaged schools with climate-resilient designs, supporting learning recovery, especially for girls in vulnerable districts. Read: ADB funds USD 320m project to improve KP\u2019s rural road connectivity Furthermore, an USD 80 million&hellip;<\/p>\n","protected":false},"author":89,"featured_media":98150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[6445,59610,57991,2086,1177,58585],"persona":[],"class_list":{"0":"post-99703","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-adb","9":"tag-adb-director-general","10":"tag-adb-news-and-updates","11":"tag-asian-development-bank","12":"tag-kp-news","13":"tag-zameen-news-and-updates","14":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ADB Grants for Flood Recovery in Pakistan - Zameen News<\/title>\n<meta name=\"description\" content=\"ADB approves $658.8M for flood recovery in Pakistan, enhancing roads, schools, and agricultural productivity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/adb-grants-for-flood-recovery-in-pakistan.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB Grants for Flood Recovery in Pakistan - Zameen News\" \/>\n<meta property=\"og:description\" content=\"ADB approves $658.8M for flood recovery in Pakistan, enhancing roads, schools, and agricultural productivity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/adb-grants-for-flood-recovery-in-pakistan.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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