Pakistan: $442m loan accord signed with WB for Punjab projects

Pakistan has signed with WB for Punjab Projects

The Pakistan government on Saturday signed a loan agreement worth $442.4 million with World Bank to provide equitable and sustainable access to clean drinking water, improve sanitation and reduce child stunting in Punjab. Pakistan: $442m loan accord signed with WB for Punjab projects

Pakistani Secretary of Economic Affairs Division Noor Ahmed and World Bank Country Director Najy Benhassine signed the ‘Punjab Rural Sustainable Water Supply and Sanitation Project’ on behalf of their respective sides.

Eight districts from south Punjab – Bahawal­nagar, Bahawalpur, Dera Ghazi Khan, Lodhran, Mul­tan, Muzaffargarh, Rahim Yar Khan and Rajanpur – are included in the project, the Pakistani Economic Affairs Division said in a statement. Furthermore, eight other districts from central and north Punjab — Bhakkar, Chakwal, Chiniot, Jhang, Khushab, Mianwali, Pak­pattan and Sargodha — are also included after due diligence.

The project interventions will cover 2,000 villages in 16 districts of Punjab that are the poorest and have the worst social infrastructure and the stunting issue. It will directly impact the life of the common man and create employment opportunities in rural areas.

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