Pakistan has inked three agreements worth $603.4 million with the Islamic Development Bank (IsDB). The agreements were inked between IsDB Vice President Operations, Dr Rami Ahmad and the Government of Pakistan.
The signing ceremony took place in the presence of Ahad Khan Cheema, Federal Minister for Economic Affairs and IsDB Governor; Syed Imran Ahmad Shah, Minister of Poverty Alleviation and Social Safety; Ali Sher Mehsud, Secretary Communications Division; Syed Shahid Mohyiddin, Secretary Elementary & Secondary Education, Government of AJ&K; and National Highway Authority (NHA) CEO, Captain (Retd) Asad Ullah Khan.
According to the statement released on Monday, $118.4 million will be provided under the Poverty Graduation Project, which will enable 68,500 households to improve livelihoods through significantly contributing to job creation and human capital development.
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Meanwhile, $475 million will be provided under the M6 Motorway Project, a key 120.8km section of the Peshawar–Karachi Motorway, which will contribute to bridging the missing link of the North-South corridor.
Additionally, $10 million will be disbursed for the Out-Of-School Children in AJ&K Project. The initiative will support 60,000 out-of-school children through non-formal education pathways, upgrade 135 schools, establish 250 centres, train 4,000 teachers, and build climate-resilient learning facilities.
Dr Rami Ahmad, IsDB Vice President Operations, arrived in Islamabad on Sunday to undertake an official visit to the Islamic Republic of Pakistan.
Ahmad’s official visit to Islamabad from 18 to 21 January 2026 aims to continue strategic engagement with Pakistan through strengthening sustainable development cooperation, advancing major IsDB-financed initiatives, and engaging senior government leadership on national priorities and the 2026 work program with the bank, read a statement.
More specifically, the visit will also kick-start the discussions of IsDB’s new Member Country Partnership Strategy (MCPS) for Pakistan in support of the national priorities and latest development plan - Uraan Pakistan - as IsDB’s 2023-2025 Country Engagement Framework for Pakistan has been completed, it added.
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