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    Donald Trump elected US president in historic comeback

    Trump says Iran should make a deal ‘before it is too late’

    “ELECTION INTERFERENCE, KANGAROO COURT!” Trump says on indictment charges

    Iran calls Trump’s ceasefire claim ‘baseless’

    Nigerian Army drone strike accidentally kills 85 civilians

    At least 70 killed in Haiti massacre, rights group says, far exceeding official toll

    Nepal’s former prime minister Oli arrested over deaths of Gen Z protesters

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    Saudi Arabia extends validity of visas for stranded Umrah pilgrims

    Karachi experiences heavy showers

    NDMA forecasts rain, thunderstorms across country in next 24 hours

    Pakistan congratulates Donald Trump for winning as US president

    Trump urges other nations to send ships to secure Hormuz

    Iran’s new Supreme Leader Mojtaba Khamenei ‘safe and sound’ amid rumours surrounding

    Iran’s supreme leader Mojtaba Khamenei vows to avenge martyrs in his first remarks

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    SFA raids synthetic milk-producing factory, seizing toxic chemicals in Karachi

    Milk prices rise by Rs20 per litre in Karachi

    KSE-100 index gains record 1,033 in morning trading session

    KSE-100 Index settled at 148,743.31, up 1,900.34 points, or 1.29%

    Inflation rate soars 24.9% with highest pace in 14 years

    Pakistan inflation forecast raised to 7.5%

    Govt vows to fulfill business-friendly policies, PM Shehbaz

    Govt making every effort to provide further relief to lower, middle classes, PM

    PM calls IMF Chief, determent to achieve economic goal by joint efforts

    IMF reaches staff-level agreement with Pakistan, unlocks $1.2bn disbursement

    OGRA takes action against illegal sale of petroleum products

    Petrol pump owners threaten nationwide shutdown over unresolved concern

    Pakistan unlikely to buy spot LNG in summer

    LNG supplies to run out after April 14 in Pakistan, Senate panel told

    Pak Navy Ship Taimur participates in MALPAK IV exercise

    Arrangements of additional oil shipments to boost Pakistan’s reserves, Committee told

    PM calls IMF Chief, determent to achieve economic goal by joint efforts

    Pakistan’s EFF program implementation remains on track, IMF

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    Ali Zafar to sing PSL anthem again

    Lahore court orders Meesha Shafi to pay Rs5m to Ali Zafar in defamation case

    Rahat Fateh, wins $2.2m defamation case against show promoter in California

    Rahat, son honoured at UK Parliament as cross-border Bangla duet unveiled

    Hamza Ali Abbasi denies links to FIA money laundering case involving sister

    Hamza Ali Abbasi denies links to FIA money laundering case involving sister

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    Sajid Nadiadwala’s son Subhan starts shooting his debut film Aisi Deewangi

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    FIFA Football WC: Lyari fans go made for Argentina

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    Sahibzada Farhan, Fatima Sana nominated for ICC’s Player of the Month

    Sahibzada Farhan, Fatima Sana nominated for ICC’s Player of the Month

    Salman, Talat help Pakistan set 299 target against SL in series opner

    Salman Ali Agha reprimanded for breaching ICC code of conduct

    Pakistan beats SA in 2nd ODI, clinch series

    Sunrisers Leeds sign Abrar Ahmed in Hundred auction

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Voice of Sindh
Home BUSINESS

World Bank approves $213 million in financing for Balochistan

IFRAP will provide housing reconstruction grants to approximately 35,100 homeowners

Web Desk by Web Desk
in BUSINESS, FINANCE
Reading Time: 2 mins read
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The World Bank’s Board of Executive Directors on Thursday approved $213 million in financing for Balochistan to improve livelihoods and essential services and enhance risk protection in communities affected by the 2022 floods.

As per a statement issued, the financing is part of the programme agreed with the government to respond to the devastating floods that hit the country last summer and build a climate-resilient Pakistan.

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“We will be working closely with the Government of Balochistan to support the affected communities by providing livelihood support and rehabilitating irrigation and flood protection infrastructures,” said Najy Benhassine, World Bank Country Director for Pakistan.

“This will not only help restore livelihoods but also protect the population by improving their resilience to potential future climate-related disasters and natural hazards. This project is part of the comprehensive package of post-flood rehabilitation and resilient-reconstruction program agreed with the authorities.”

As per the World Bank statement, the Integrated Flood Resilience and Adaptation Project (IFRAP) will provide housing reconstruction grants to approximately 35,100 homeowners.

“It will also help restore essential services by rehabilitating damaged community infrastructure and facilities such as water supply, irrigation, roads, and community facilities.

“Balochistan is particularly vulnerable to natural disasters due to its geographical location, socioeconomic background, and climate change,” said Yoro Sidibe, Senior Water Specialist at the World Bank.

“This project will help provide economic opportunities to the affected communities while ensuring social inclusion and participation. It will also strengthen institutional capacity in terms of preparedness and response to future disasters.”

The statement further reads that the project will benefit approximately 2.7 million people in selected communities in calamity-declared districts across Balochistan. IFRAP will restore degraded watersheds and strengthen institutional capacity at both the provincial and local level.

Tags: Balochistanfinancingmillionworld bank
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Voice of Sindh is an initiative designed to uncover the untold stories of Sindh. It aims to preserve and promote the diverse culture, heritage, history, and traditions that make Sindh the bastion of pluralism and progress.

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