Business
Asian Development Bank (ADB) provides $107 million for water management in Balochistan
ISLAMABAD: The Asian Development Bank (ADB) and the provincial government of Balochistan signed on Saturday the project agreement of a $107 million loan and grants to improve irrigation infrastructure and water resource management in Balochistan, Pakistan’s largest yet economically poor province.
Chief Minister of Balochistan, Jam Kamal Khan, witnessed signing of the project agreement by Additional Chief Secretary for Development, Sajjad Ahmed Bhutta and ADB Country Director for Pakistan Ms. Xiaohong Yang in Quetta, said a statement issued here.
“Agriculture remains the backbone of Balochistan’s economy,” said Ms. Yang. “This project will introduce efficient water usage systems and practices to help farmers improve productivity and farm incomes.
“Agriculture accounts for almost two-thirds of Balochistan’s economic output and employs 60% of the province’s 13 million population, but frequent drought and poor water management has put the industry, and those who rely on it, at risk.
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