Climate: Pakistan, EIB Sign €100m Agreement

Climate: Pakistan, EIB sign €100m agreement

Pakistan and the European Investment Bank (EIB) on Wednesday signed 100 million financing agreement for Sindh Flood Emergency Housing Reconstruction project, marking significant step toward strengthening climate resilience and sustainable recovery. The project aims at rebuilding communities affected by the catastrophic 2022 floods, according to press release issued by Economic Affairs Ministry. It said, the landmark agreement was signed by Feder…

EIB Returns to Pakistan With €160 Million Funding

The European Investment Bank (EIB) has returned to Pakistan after a decade with €160 million in financing for flood rehabilitation and water infrastructure pr After ten years away, the European Investment Bank (EIB) has declared its return to Pakistan and unveiled €160 million in funding for water infrastructure projects and housing rebuilding. The funding package includes €60 million for water supply and water quality initiatives in Karachi and…

Pakistan receives €160m in EIB global financing

F.P. Report ISLAMABAD: The European Investment Bank’s international development arm, EIB Global, is committing a total of €160 million to help Pakistan rebuild homes in the southeastern province of Sindh and to improve water quality in Karachi – the country’s largest city. The pledges mark a return of EIB Global financing in Pakistan after a decade. EIB Global is providing a €100 million loan to the Pakistani government for the Sindh housing ini…

Pakistan, EU bank sign €100mln agreement for Sindh flood housing reconstruction

The Government of Pakistan and the European Investment Bank (EIB) have signed a €100 million agreement to support the Sindh Flood Emergency Housing Reconstruction Project, the Ministry of Economic Affairs said in a statement. The project will help rebuild homes for families affected by the 2022 floods in rural Sindh. The agreement was signed by Muhammad Humair Karim Kidwai, Federal Secretary for the Ministry of Economic Affairs, and a senior off…

EIB to provide €160m for housing, water projects in Pakistan - HUM News English

ISLAMABAD: The European Investment Bank (EIB) will provide 160 million euros ($171 million) in financing for housing reconstruction and water sector projects in Pakistan, marking its return to the country after a decade. The funding package includes 100 million euros for climate-resilient reconstruction of around 2.1 million homes in Sindh following the devastating 2022 floods, and 60 million euros to improve water quality in Karachi. The projec…

EU approves €160M loan for Pakistan

The European Union has approved a financing package of 160 million euros for Pakistan to support flood rehabilitation and improve water infrastructure, marking a major investment by the European Investment Bank (EIB) in the country after a decade. According to official details, the funding will be provided through the European Investment Bank and will focus on two major development sectors in Sindh, including housing for flood-affected families …