ADB to lend $75m for education

Published September 25, 2002

MANILA, Sept 24: The Asian Development Bank (ADB) said on Tuesday it has approved a $75 million loan to improve public elementary education in Sindh.

The project will include the improvement of classrooms and the widening of access to free textbooks, student/teacher scholarships, teacher training and stipends, particularly for girls, the Manila-based bank said in a statement.

It will also support programmes to increase school attendance and reduce dropouts. Community groups and NGOs will help run these programmes, the ADB added.

The ADB loan will come from its special concessionary Asian Development Fund and will have a term of 32 years, including a grace period of eight years. It will have an interest charge of one per cent during the grace period and 1.5 per cent thereafter.—AFP

Opinion

Editorial

GB polls’ aftermath
Updated 11 Jun, 2026

GB polls’ aftermath

The new administration must address the region’s issues proactively.
Peace in retreat
11 Jun, 2026

Peace in retreat

THE ceasefire announced in April was supposed to create space for negotiations. Instead, it has been repeatedly...
A few good men
11 Jun, 2026

A few good men

IT was a brave move, no doubt. This Tuesday, in the land of the Afghan Taliban, a few good men decided to take a...
Centre vs provinces
Updated 10 Jun, 2026

Centre vs provinces

The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...