ADB to provide Punjab with project readiness financing
ISLAMABAD: The Asian Development Bank (ADB) will provide the Punjab government with ‘project readiness financing’ to support the development of project pipelines and review government’s priority projects.
This financing aims to ensure projects are well-prepared for ADB funding and implementation, potentially speeding up the process and disbursement of funds, according to the ADB.
The $8.32 million funding approved last week will contribute to the improvement of the irrigation infrastructure that that will enhance water availability and increase productivity of the agriculture sector in Punjab, and subsequently alleviating rural poverty, and improving food security and economic growth.
Agriculture production in Punjab has........
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