ADB approves $435 million loan for Pakistan

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ISLAMABAD – Asian Development Bank (ADB) on Tuesday approved $435 million for Pakistan in a bid to improve infrastructure of provinces of Sindh and Khyber Pakhtunkhwa (KP).

According to details, $330 million will be spent on the rapid transit system in Peshawar, KP. According to ADB , 26 km long road will be built in Peshawar, which will benefit the people and increase economic growth in the province. 

On the other hand, $100 milllion will be given as a loan to improve infrastructure in the province of Sindh. 

KP and Sindh along with Balochistan lag behind in economic growth and infrastructural devolpment. 

This loan will help in advancements in the development sector of both provinces. 

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