The World Bank has announced its commitment to extend a loan of $8.7 billion to Pakistan over the next five years, aimed at supporting a range of development projects, as detailed in official documents reviewed by ProPakistani. This substantial funding will be allocated to 58 projects with a total estimated cost of $14.8 billion. To date, Pakistan has already received $6.16 billion from the World Bank, and the remaining $8.7 billion will be disbursed by 2029.
Among the key allocations, $1 billion is designated for Phase-I of the Dasu Hydropower Project, including $588.4 million for the project’s initial stage and $700 million for its transmission line project. Additionally, $500 million each will be provided for the Sindh Flood Emergency Rehabilitation Project and a housing initiative in Sindh province.
The Khyber Pass Economic Corridor Project is set to receive $460 million, while $450 million is allocated to the KP Hydropower & Renewable Energy Development Project. The Pakistan Raises Revenue Program will benefit from $400 million. Other notable allocations include $400 million for Higher Education Development, $440 million for a rural water supply project in Punjab, and $390 million for the Tarbela 5th Extension Hydropower Project.
Further, $300 million will support Sindh Disaster Resilience Improvement, $425 million is earmarked for the National Transmission Modernization Project (NTMP), and the Karachi Solid Waste Emergency project will receive $100 million. The funding plan also includes reforms in the Federal Board of Revenue (FBR) and support for the Punjab Human Capital Project among other significant initiatives.