ADB to provide $1.5b loan to Pakistan: The Nation

By HAQ NAWAZ submitted 2 days 11 hours ago

ISLAMABAD - Asian Development Bank (ADB) will provide US $ 300 million under multi-financing facility (MFF) to improve quality, continuity and coverage of urban services in the second tier-cities of Sindh province.
According to an agreement, signed by the government of Pakistan, Sindh government and the ADB here on Friday, the bank will give the said amount to Pakistan for the improvement of basic needs in the urban cities of Sindh.
Under this programme, over the next 10-years, the multi-financing facility will finance for improving basic urban services (water supply, sanitation, drainage and solid waste management) for nearly 4 million people of 20 towns in Sindh.

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