Islamabad: 16 development projects are expected in the country next year with the support of the Asian Development Bank (ADB), while work is underway on 7 development projects with the support of the Asian Development Bank.
According to sources, ADB’s $200 million project is expected to modernize Pakistan’s electricity transmission system.
The project for installing smart meters for discos will be approved, and ADB’s assistance for digitalization in the FBR will improve tax reforms.
In recognition of Pakistan’s effective efforts to deal with the effects of climate change, $500 million in funding is being provided.
A timely flood warning system is being considered to reduce the annual losses of more than $2 billion from natural disasters in Pakistan.
There is hope for recovery in the economy in view of the increase in industrial production and growing investor confidence.
