Monday, April 15, 2024

WB contributes $442 million to improve Punjab’s infrastructure

According to ARY News, the World Bank has decided to contribute $442.4 million to Pakistan for the development of social infrastructure in Punjab’s rural districts.

In Islamabad, the Ministry of Economic Affairs and the World Bank inked a $442.4 million funding deal for the “Punjab Rural Sustainable Water Supply and Sanitation Project.”

On behalf of the Pakistani government, Ministry of Economic Affairs Secretary Noor Ahmed signed the financing agreement, while World Bank Country Director Najy Benhassine signed on behalf of the World Bank.

In Punjab, the goal of this project is to offer equitable and long-term access to safe drinking water, enhance sanitation, and reduce child stunting.

The project interventions will encompass 2,000 villages, comprising 2,000 main settlements and 8,000 small settlements, across sixteen (16) Punjab Province districts with the worst social infrastructure and stunting issues.

The project will have a direct influence on the lives of ordinary people and will offer job possibilities in rural areas.

Minister for Economic Affairs Omar Ayub Khan praised the World Bank’s efforts, stating that this is a landmark project that embodies the Prime Minister of Pakistan’s objective of investing in human capital and raising people’s living standards.

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