Dr. Kazim Niaz (Minister of economy) and Yong Ye,(Country Director of the Asian Development Bank ADB) signed the grant agreement at the Ministry of Economy on Tuesday.The ceremony was witnessed by Mr. Takahiro Yasui, ADB’s Executive Director for Japan.
Japan offers US $5 million grant to Pakistan as part of an emergency flood relief project.This grant is from the Japan Fund for a Prosperous and Resilient Asia-Pacific, which ADB manages in the Islamic Republic of Pakistan for Emergency Flood Assistance Projects (Additional Funding). Additional funds will be used to expand the scope of the original project. Specifically, it will be used to (i) provide emergency climate-resilient seeds to grow staple crops and (ii) support women-led livelihoods to meet basic household needs. .
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