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    Home»Business»Asian Development Bank approves $381 million funding
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    Asian Development Bank approves $381 million funding

    Decapitalist NewsBy Decapitalist NewsDecember 7, 2025002 Mins Read
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    The Asian Development Bank (ADB) has approved $381 million in financing for three major projects in Punjab, Pakistan, aimed at boosting agriculture, education, and health services, according to an official statement.

    The funding seeks to drive economic growth in Punjab, which contributes to more than half of Pakistan’s population and economic output.

    “Investments in education, health, and modern agricultural practices will be transformative for Punjab, a key pillar of Pakistan’s economy,” said ADB Country Director for Pakistan, Emma Fan.

    “These initiatives will modernize agriculture, enhance human capital, and improve livelihoods for millions across the province.”

    Under the package, $120 million in concessional loans and a $4 million grant have been allocated for the Punjab Climate-Resilient and Low-Carbon Agriculture Mechanization Project.

    The initiative aims to introduce disaster-resilient and low-carbon agricultural practices, benefiting around 220,000 rural farming households.

    It will support large-scale mechanization, create alternative livelihoods for farmworkers, and enhance the skills of 15,000 women.

    A new financing model will help small-scale farmers access advanced machinery, including rice harvesters.

    Additionally, $107 million has been approved for the Responsive, Ready, and Resilient STEM Secondary Education in Punjab Program, including a $100 million concessional loan and a $7 million grant from ADB’s Asian Development Fund.

    Managed by the Punjab School Education Department, the program aims to modernize secondary education and expand inclusive STEM learning opportunities across the province.

    Lastly, the ADB cleared a $150 million concessional loan for the Punjab Nursing and Health Workforce Reform Program, which will enhance nursing education, strengthen workforce governance, and establish disaster-resilient training facilities to improve healthcare services.

    These strategic investments are expected to modernize Punjab’s infrastructure, build human capital, and provide sustainable economic growth for the region.

    The program will upgrade nursing curricula, expand faculty development, and introduce a digital human resource management information system to better align workforce planning with health sector needs.

    By increasing the number of qualified nurses—most of whom are women—it aims to improve healthcare delivery across Punjab.

    Key components include the establishment of three centers of excellence in Lahore, Multan, and Rawalpindi.

    These facilities will feature modern simulation labs, digital learning platforms, and gender-responsive hostels, helping meet the province’s growing demand for skilled healthcare professionals both domestically and abroad.



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    ADB Agriculture approves Asian bank development Education funding health services Million Pakistan Punjab
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