Pakistan has received more than $440 million in foreign funds for development projects during the first two months of the current year, according to official documents released by the Economic Affairs Division.
The funds, largely from the World Bank and other international partners, are earmarked for critical housing, infrastructure, health, and energy projects across the country.
Major funding for flood reconstruction and housing
The documents reveal that $100 million was secured from the World Bank for the Sindh Flood Reconstruction Emergency Housing Project, aimed at rebuilding homes destroyed during last year’s devastating floods.
Additionally, $28.8 million was allocated for the Sindh Emergency Housing Reconstruction Project, further strengthening efforts to restore communities in disaster-hit areas.
Karachi Yellow Line project receives big share
The Karachi Yellow Line Bus Rapid Transit (BRT) Project received a substantial $58.9 million commitment from the World Bank. This project is one of the largest urban transport schemes currently underway in Pakistan, designed to ease congestion and improve public transport in the country’s largest city.
Support for Punjab and energy initiatives
In Punjab, $20 million was received for the Rural Water Supply and Drainage Project, a step toward improving access to clean drinking water and sanitation in rural communities.
Meanwhile, energy-related projects also secured funding:
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$22.4 million for the Dasu Hydel and Transmission Lines Project
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$9.4 million for the Tarbela IV Project
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$5 million from the Asian Infrastructure Investment Bank (AIIB) for the Tarbela V Project
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$1 million from France for the reconstruction of Mangla Hydropower Project
Health and renewable energy projects
The World Bank also extended $12.6 million for the National Health Support Program, helping to strengthen Pakistan’s healthcare infrastructure.
Additionally, $18 million was committed to the Sindh Solar Energy Project, aimed at boosting renewable energy adoption and reducing reliance on fossil fuels.
