ADB launches ‘Glaciers to Farms’ Program for Pakistan

ISLAMABAD: The Asian Development Bank (ADB) has developed a comprehensive agenda aimed at protecting Pakistan’s critical sectors of water, agriculture, and energy amid growing climate challenges.

According to the ADB, under the “Glaciers to Farms Program,” a detailed report will be prepared to assess the economic and environmental impacts of glacier melt in the region.

The program will also include strategic planning to mitigate climate-related damages, ensuring the sustainability of Pakistan’s water resources, agricultural productivity, and energy systems.

The ADB stated that global experts have been consulted for recommendations on glacier management and climate resilience.

These proposals will be reviewed at the upcoming International Convention of the East Asian Economic Association, scheduled to be held in the Philippines from November 8 to 9.

According to sources, the initiative is expected to serve as a key policy framework for promoting efficient water use, modern irrigation systems, and enhanced climate adaptation strategies in Pakistan.

Earlier, Pakistan’s economy is projected to grow by just 3% in the current fiscal year, making it the second slowest-growing economy in South Asia after Afghanistan, according to a new comparative report by the Asian Development Bank (ADB).

The ADB report forecasts overall economic growth in South Asia to reach 6% this fiscal year. India is expected to lead the region with 6.5% growth, followed by Bhutan at 6%, Bangladesh at 5%, the Maldives at 4.9%, and Sri Lanka at 3.3%. Nepal is also projected to grow by 3%, while Afghanistan will post the lowest growth rate at 1.7%.

The report notes that ADB had earlier predicted in April that Pakistan’s growth would remain at 3% — a forecast that has now been reaffirmed.

Inflation across South Asia is expected to average 4.7% during the current fiscal year. Bangladesh is likely to record the highest inflation in the region at 8%, followed by Pakistan at 6%.

Inflation in Sri Lanka and Nepal is projected at 4.5%, in India at 4.2%, in Bhutan at 3.7%, in the Maldives at 3.5%, and in Afghanistan at just 1%.