MANILA, Nov. 20 (UPI) -- The Asian Development Bank said it was providing more than $1 billion in loans to help Pakistan address chronic power issues in the country.
Pakistan's aging infrastructure means the country lacks a reliable power sector. The ADB described the status of the power sector in Pakistan as "crippling." The bank approved combined loans of nearly $1.4 billion covering two programs meant to resolve key power sector issues in Pakistan. Most of the initial funding will support advanced metering infrastructure.