Web desk: Seven developing projects are in process and 16 are expected to continue next year with the support of the ADB.
ADB’s $200 million project to modernize Pakistan’s electricity transmission system is expected to approve the installation of smart meters for discos.
An additional $330 million has been approved for social security programs in Pakistan, focusing on women and children’s education and health, ADB support for digitisation in FBR, tax reform support.
In recognition of Pakistan’s effective efforts to tackle the effects of climate change, $500 million in funding has been received.
In order to reduce the annual losses of more than 2 billion dollars due to natural disasters in Pakistan, the establishment of a timely flood warning system is under consideration.
A recovery in the economy is expected due to increase in industrial production and growing investor confidence.
