World Bank approves $70M for Connected Punjab

The World Bank Group has approved a $70 million loan for the Connected Punjab Programme in Pakistan. This initiative aims to significantly expand broadband internet access, enhance digital public service delivery, and promote cashless transactions across the province. The program is designed to work in conjunction with Pakistan's national digital agenda, including the Digital Economy Enhancement Project (DEEP). Key objectives include reducing regulatory barriers for private sector investment in broadband, increasing fixed broadband coverage to 9.9 million people by June 2031, attracting $50 million in private capital, and improving digital public services for 28.9 million people. A specific focus is placed on increasing women's usage of digital government services from 19% to 30%. Additionally, the program will establish a Digital Invoice Management System and interoperable payment infrastructure to encourage 350,000 people to actively use cashless payment systems by 2031. The total program cost is $278 million, with the Pakistan government contributing $208 million.