Pakistan and the Asian Development Bank (ADB) on Tuesday signed agreements worth $304.5 million for two major climate-related projects aimed at helping the country tackle the effects of climate change and boost agricultural resilience. According to the Economic Affairs Division spokesperson, the primary goal of the projects is to strengthen climate resilience. The signing included $180.5 million for theSindh Coastal Resilience Sector Project and $124 million for the Punjab Climate Resilient and Agricultural Mechanization Project.
The agreements were signed by Secretary of Economic Affairs Muhammad Humair Karim, ADB Country Director Eumafon, and representatives from the Sindh and Punjab governments. Speaking on the occasion, Secretary Muhammad Humair Karim said ADB will provide $140 million in loans and a $0.5 million technical grant for the Sindh coastal project, which will directly benefit the districts of Thatta, Sujawal, and Badin.