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      Rahul Gandhi criticizes Modi’s handling of relations with China

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      Syrian refugee becomes mayor of German village

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      Shanghai records hottest May day in 100 years

      Shanghai records hottest May day in 100 years

      Erdogan launches new attack against Turkey’s LGBTQ Community

      Recep Tayyip Erdogan pays homage to his executed Islamic predecessor

      Earthquake jolts different parts of Punjab and KP

      Japan: Earthquake hits coast east of Tokyo

      Tipu Sultan bedchamber sword sold for $17.4 million

      Tipu Sultan bedchamber sword sold for $17.4 million

      Wall Street debt payments at risk of default

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      Meeting with Bilawal Bhutto demonstrates Pak-China close ties, Zhao Lijian

      Pakistan to develop its economy with great potential, Zhao Lijian

      OGRA reduces prices of LPG for June 2023

      OGRA reduces prices of LPG for June 2023

      Govt trying to put inflation burden over rich class, Dr. Aisha Ghaus

      Minister termes IMF mission chief’s statement as “interference”

      Ishaq Dar to lead high-ranking delegation for meetings with IMF, WB

      Govt shares budget proposal with IMF for review

      Ishaq Dar confirms to return Pakistan in July

      Islamic finance potentially able to address challenges of poverty, Dar

      US Ambassador calls on Finance Minister Ishaq Dar

      US Ambassador calls on Finance Minister Ishaq Dar

      World Bank approves $213 million in financing for Balochistan

      World Bank approves $213 million in financing for Balochistan

      OGRA takes action against illegal sale of petroleum products

      OGRA takes action against illegal sale of petroleum products

      Ishaq Dar to lead high-ranking delegation for meetings with IMF, WB

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      Hate against Muslims becomes fashionable in India, Naseeruddin Shah

      Hate against Muslims becomes fashionable in India, Naseeruddin Shah

      Ranbir to replace Salman Khan in Aamir Khan’s ‘Campeones’ remake

      Ranbir to replace Salman Khan in Aamir Khan’s ‘Campeones’ remake

      Highly-anticipated movie ‘Adipurush’ continues to make waves

      Highly-anticipated movie ‘Adipurush’ continues to make waves

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      Arooj Aftab ignites social media debate on cultural labelling

      Music star Salman Ahmed condemns May 9 vandalism

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      Celebrities, renowned personalities pay homage to martyrs

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      No need to nullify NAB laws, Supreme Court

      PTI to return assembly if wants amendments in NAB laws, SCP

      IK including Bushra Bibi declares his assets including

      Imran Khan spend Rs900 m at Prime Minister Office between 2019 to 2021

      Peru sentences ex-president to 1.5 years in prison

      Peru sentences ex-president to 1.5 years in prison

      ISLAMABAD: Police mobile crushes Mother, Daughter to death

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      Imran Khan to send Rs10b notice to CEC in Toshkhana reference

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      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
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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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