Pakistan

Sindh and World Bank working on 18 different projects worth $3.25 billion

Sindh World Bank

Sindh to have 18 projects of $3.25 billion, including $1.64 billion ongoing and $1.605 billion in the pipeline with the collaboration of the World Bank, five projects of which are scheduled to complete during the current financial year.

Those 5 projects include the Sindh Agriculture Growth Project at the cost of $86 million, the Sindh Irrigation Agriculture Productivity Enhancement Project at the cost of $76 million, Public Sector Management Reform at the cost of $50 million, Sindh Enhanced Response to Reduce Stunting at the cost of $187 million and Karachi Neighborhood Improvement Program (KNIP) at the cost of $86 million.

Read more: Pakistan seeks $12 billion under new World Bank partnership framework

Sindh Chief Minister Syed Murad Ali Shah, during the meeting, while addressing World Bank Country Director for Pakistan Najy Benhassine, said that the provincial government wants to work for human capital, poverty reduction, stunting, revenue mobilization and economic reform, with collaboration and support of the World Bank.

Moreover, the meeting further discussed 18 projects with an estimated budget of S3.25 billion. Shah said that 12 projects amounting to $1.64 billion are active and in progress while six projects costing $1.61 billion are in the pipeline.

The CM said that WB had committed to provide $461 million against which $267.7 million have been released up until now. Meanwhile, the remaining amount of $193.3 million is pending. He added that they aimed to complete these projects by the end of ongoing year and so these projects should be prioritized in terms of financial support.

The remaining funds would be released shortly in time for completion, the WB chief assured the CM.

The meeting was attended by Provincial Ministers Nasir Shah, Awais Shah, Chief Secretary Mumtaz Shah, Chairman P&D Mohammad Waseem, PSCM Sajid Jamal Abro, provincial secretaries Najam Shah, Kazim jatoi and others.

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