Web Desk: The World Bank has approved financing of $240 million for Pakistan, specifically for the Karachi Water and Sewerage Project 2.
According to the World Bank, the project aims to provide clean drinking water to the residents of Karachi and improve the city’s sewerage system. This initiative is expected to benefit approximately 16 million citizens with access to safe drinking water, while improving sewerage facilities for 7.5 million people.
The World Bank further stated that the Government of Pakistan will contribute an additional $250 million to the project. Moreover, commercial financing of $269 million is anticipated from the private sector to support the initiative.
This collaborative effort underscores a significant step toward addressing Karachi’s critical water and sanitation challenges, enhancing urban infrastructure, and improving the quality of life for millions of residents.
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