ADB to provide $31 million loan for agribusiness project

Saturday, May 21, 2005

The Asian Development Bank (ADB) has approved a loan of $31 million for ’Agribusiness Development project’ for promoting development of a competitive and sustainable agribusiness sector in Pakistan. The Agribusiness Development Project will establish market-based approach to agribusiness development and enhance technical and managerial capacity in the sub-sector. It will also dismantle barriers for new enterprises and promote expansion of existing ones into new markets, says a statement issued here on Friday. The project will focus on horticulture and hortibusiness, through actions to improve the livestock and dairy institutional framework, and support for selected enterprises will be provided.
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Source: Business Recorder