World Bank approves $400 million financing for Pakistan
Business
The World Bank has approved $400 million for water and sanitation projects in Punjab, Pakistan. The funding will improve water supply, sewage, and waste management.
ISLAMABAD (Dunya News) – The World Bank has approved $400 million in financing for water and sanitation projects in Punjab, Pakistan.
The global institution said the funding will be used to improve water supply and sanitation facilities in 16 cities across the province. Key upgrades will include rainwater drainage systems, water supply, sewage, and wastewater treatment systems.
The program is expected to benefit 4.5 million people by providing access to clean water and sanitation, while an additional 2 million people will benefit from improved solid waste management systems.
The initiative is aimed at reducing health costs and addressing waterborne diseases, while also enhancing local governments' capacity to raise revenue and manage resources.
The World Bank highlighted that the project will make cities more resilient to floods and droughts, contributing to sustainable urban development and environmental goals. Special attention will be given to women's employment and decision-making roles in the project, with skill development programs and gender-compliant desks for women being set up.
The project is also focused on promoting private sector investment in the water and sanitation sectors, while supporting the Punjab Development Program and the Clean Punjab Initiative, ultimately laying the foundation for healthier communities and a prosperous Pakistan.
