Pakistan to tap global funding for three $580m projects

Pakistan will present three high-impact projects worth $580 million in hydropower and communication sectors to secure funding at the fourth international conference on financing for development in Spain in June. The United Nations Development Programme (UNDP) has completed feasibility studies of the three SDG-aligned projects, which include $38.4m for a 10.96MW Mehar hydropower project in Kasur, $318.1m for 500MW floating solar on Keenjhar Lake in Sindh and $130m for the second phase of Swat motorway project. According to informed sources, UNDP aims to continue supporting federal and provincial governments in developing bankable projects and supporting Pakistan’s participation in the upcoming international conference, including a possible bespoke investment event for Pakistan.