LAHORE (Kashmir English): The Asian Development Bank (ADB) has announced a $3 million grant from the Asia Pacific Disaster Response Fund to support emergency flood relief efforts in Pakistan.
In a statement issued on Thursday, President Masato Kanda extended condolences for the lives lost and individuals affected by the widespread monsoon rains and floods in Pakistan.
“Pakistan is experiencing devastating flooding that has displaced families and communities, and ADB stands firmly with Pakistan during this crisis,” said ADB President Masato Kanda.
“When disasters strike, we respond quickly to help communities rebuild with dignity. This emergency support reflects our enduring commitment to Pakistan’s people through both immediate humanitarian needs and long-term development.”
The monsoon devastations have so far claimed over 800 people in Pakistan, according to the National Disaster Management Authority (NDMA).
ADB president is on a three-day visit to Pakistan, during which he met with Prime Minister Shehbaz Sharif. After he conveyed sympathies to the victims of the floods, they discussed transformative investments, enhanced private sector engagement, and Pakistan’s role as a strategic supplier of critical minerals for the global clean energy transition.
Their discussions covered ADB’s significant capital investments in transport, energy, and urban infrastructure as well as human capital development through education and health programs.
ADB president welcomed the Pakistan government’s progress on reforms, noting the sovereign ratings upgrades by major credit rating agencies underpinned by a significant improvement in domestic resource mobilization.
He reaffirmed ADB’s commitment to deepening the partnership with Pakistan.
