ADB approves $500 mln financing to boost Pakistan's climate & disaster resilience

ISLAMABAD: The Asian Development Bank (ADB) on Wednesday approved a $500 million financial package for Pakistan, ARY News reported.

According to the ADB, the funding has been approved under its Contingent Disaster Financing (CDF) program to support Pakistan in tackling natural calamities.

The bank stated that the financing will help Pakistan respond to natural disasters and mitigate challenging situations.

Under the agreement, immediate budget support will be disbursed following any major disaster to help lower the financial and economic impact of climate-induced events on the country.

“When disaster strikes, it is often the most vulnerable communities that are hit hardest. Investing in preparedness can help protect lives and livelihoods, reduce economic losses, and safeguard the development gains Pakistan has worked hard to achieve,” said ADB Country Director for Pakistan Emma Fan.

“This program will support the country in implementing critical reforms to ensure a more resilient future.”

The program is aligned with Pakistan’s priorities for managing disaster risks and with ADB’s commitment to supporting resilience initiatives across Asia and the Pacific.

Last month, ADB, in its Asia-Pacific Climate Report 2026, said that Pakistan could see around 1.48 million people exposed to annual coastal flooding by 2100, as rising sea levels, coastal erosion and saltwater intrusion threaten communities, infrastructure and livelihoods.

The report identifies Pakistan among the countries facing growing coastal risks and warns that development in flood-prone areas, combined with intensifying climate hazards, could significantly increase future economic and social costs.