Home Business & Finance European Investment Bank Signs €60m Clean Water Loan for Karachi After Decade

European Investment Bank Signs €60m Clean Water Loan for Karachi After Decade

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By Rafiq Vayani

KARACHI: Today, the European Investment Bank signed its first loan agreement with Pakistan in a decade, supporting the delivery of clean drinking water for Karachi.

The signing took place in Brussels on the margins of the 15th EU Pakistan Joint Commission.

The agreement formalises €60 million loan, as a part of the Global Gateway, to rehabilitate and construct key water treatment facilities, improve sanitation, public health and water security for Karachi’s growing population.

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