Adeel Hassan 
Pakistan marks an economic breakthrough as IsDB Approves $603 Million through three key financing agreements for development projects. The ministry of economic Affairs and IsDB vice president Dr. Rami Ahmad formalized the deal in Islamabad. This substantial financial injection is earmarked for critical infrastructure and social welfare, specifically targeting the long-delayed M-6 Sukkur-Hyderabad Motorway and vital Poverty Graduation Projects. The agreement highlights the further global trust in the developmental path of Pakistan, to strengthen the bonding and empower the vulnerable population in the country.
M-6 Motorway and Social Uplift
The lion’s share of the funding, $475 million, is allocated to the M-6 Motorway project. The 306 kilometer stretch is the last missing link in the Peshawar-Karachi motorway network, which is important in facilitating trade, as well as in cutting down transit time. When completed, this will be able to smoothly incorporate the north of the country to the southern ports.
At the same time, 118.4m is allocated to the Poverty Graduation of Extremely Poor and Flood Affected Households (PGEP) project. Unlike traditional aid, these Poverty Graduation Projects focus on sustainable livelihoods, transitioning over 160,000 families from cash dependency to economic self-reliance in 25 districts. Also, 10 million dollars was conceded to educate out-of-school children in Azad Jammu and Kashmir, which will guarantee development of human capital in the long run and physical infrastructure. Visit this site for more details.
