Sindh Secures $1B ADB Investment for Urban Uplift, Climate Resilience

Sindh's government, in partnership with the Asian Development Bank (ADB), is launching a $1 billion (Rs278 billion) program for urban development and climate resilience in Sukkur, Hyderabad, Larkana, Mirpurkhas, and Shaheed Benazirabad. This initiative will improve municipal services, infrastructure, and socio-economic growth, with project readiness financing nearing completion. Additionally, Sukkur secured a $2 million grant for climate adaptation planning. This significant foreign investment could provide long-term support for Pakistan's economic stability and foreign exchange reserves, indirectly influencing the USD/PKR rate.

بحوالہ / Source: www.brecorder.com