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September 5, 2005 Monday Rajab 30, 1426


KARACHI: ADB to fund $600 million projects


KARACHI, Sept 4: The Asian Development Bank will provide about $600 million for development projects in Sindh during 2005-06. This was stated by the Director General ADB for South Asia, Kunio Senga, who along with Naveed Hamid, ADB Country Manager for Pakistan, called on Sindh Senior Finance Minister Syed Sardar Ahmed at his office.

Mr Senga informed that the projects to be funded would include those in Karachi, the Sindh Devolved Social Service Programme, Sindh Rural Development programmes, the Denationalized Elementary Education and road sector projects.

Sardar Ahmed said that problems in respect of development projects in Sindh would be sorted out jointly by the Asian Development Bank and the provincial government so that their implementation could commence immediately.

He assured the ADB delegation of all-out cooperation and directed the secretaries of concerned departments to identify problems and submit proposals for their solution so that work on ADB-funded projects could start, for the benefit of the people of Sindh.—APP



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