Pakistan will get $535 million from the World Bank.

The initial initiative, valued at $400 million, will concentrate on lessening the effects of climate change in Pakistan, especially in the agricultural sector, according to the World Bank’s official statement.

The money will be utilised to increase crop yields and shield the industry from the effects of climate change.

The second initiative, which is estimated to cost $135 million, aims to strengthen Sindh’s livestock industry and increase its resistance to climate change.

Pakistan’s attempts to solve the issues brought on by climate change and advance sustainable agricultural methods would be aided by this financial help from the World Bank.

Prior to this, on June 11, the World Bank (WB) authorised Rs. 1 billion for Pakistan, which was a significant respite for the struggling economy of the nation.

READ: WB offers Pakistan assistance in reaching development objectives

The World Bank gave its approval for Dasu Dam’s development with $1 billion.

With this funding, hydropower electricity supply will be expanded, local residents will have better access to socioeconomic services, and the Water and Power Development Authority (WAPDA) will be better equipped to plan for future hydropower projects.

About eight kilometres from Dasu Town, the provincial capital of Khyber Pakhtunkhwa’s Upper Kohistan District, lies the DHP run-of-river project on the Indus River. When it is finished, it will have 4,320–5,400 MW of installed capacity.

It’s important to note that the World Bank (WB) has stated that it is willing to provide Pakistan with financial and technical support to help it meet its development goals.

The World Bank (WB) Group will give the government the assistance it needs to carry out its reform plan, according to Martin Raiser, Regional Vice President for South Asia at the World Bank.