Tag: climate resilience
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ECNEC approves multi-billion rupee initiatives for education, healthcare, and infrastructure
The Executive Committee of the National Economic Council (ECNEC) recently convened to review and approve nine projects valued at Rs371.85 billion across various sectors, as detailed in a press release from the Finance Division.
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ADB approves $250 million loan to upgrade Pakistan’s power transmission system
The Asian Development Bank (ADB) has granted a $250 million loan to Pakistan to enhance the country’s power transmission system, addressing persistent electricity shortages.
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‘Recharge Pakistan’ climate resilience project approved for funding
Pakistan’s Federal Minister for Climate Change, Sherry Rehman, tweeted her joy on Tuesday at the ‘Recharge Pakistan’ project receiving approval for funding. A joint collaboration by Global Climate Fund (GCF), WWF and the Government of Pakistan, the project aims to build climate resilience through multiple Ecosystem-Based Adaptation (EBA) interventions. The project is said to be…
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World Bank commits $213 million for Balochistan’s flood recovery and climate resilience
The Board of Executive Directors of the World Bank has granted $213 million in funding to Balochistan for the purpose of improving livelihoods, essential services, and risk protection in communities that were affected by the devastating floods in 2022. This financial assistance is part of a larger program established in collaboration with the government to…
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Pakistan likely to receive economic assistance from friendly countries soon, says Minister Ahsan Iqbal
On Tuesday, Minister for Planning and Development Ahsan Iqbal announced that Pakistan is likely to receive confirmation of economic assistance from friendly countries in the coming days. This confirmation is the last condition of the International Monetary Fund (IMF) and will be followed by a staff-level deal with the Fund. According to Iqbal, Pakistan has…