ISLAMABAD: Pakistan and the Asian Development Bank (ADB) have signed agreements for two climate resilience projects worth $304.5 million, aimed at strengthening the country’s capacity to tackle the impacts of climate change.
According to the Ministry of Economic Affairs, $180.5 million was allocated for the Sindh Coastal Resilience Sector Project, while $124 million was designated for the Punjab Climate-Resilient Agricultural Mechanization Project. Representatives from the Sindh and Punjab governments also signed the respective agreements.
The agreements were signed by Secretary of Economic Affairs Muhammad Humair Kareem and ADB Country Director Emma Fan.
Under the Sindh Coastal Resilience Project, ADB will provide $140 million in loans and $0.5 million in technical grants. The project will benefit the districts of Thatta, Sujawal, and Badin, aiming to protect coastal communities from climate-related risks.
The Punjab project will cover 30 districts, focusing on enhancing agricultural productivity and environmental resilience.
ADB will provide $120 million in loans and $4 million in grants, while the Punjab government will contribute $5 million. The project aims to give small farmers better access to climate-smart agricultural machinery.
ADB Country Director Emma Fan highlighted that the Sindh Coastal Resilience Project will safeguard coastal populations from climate hazards, while the Punjab Agricultural Mechanization Project represents a key step toward modernizing agriculture and reducing emissions.
