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Express Tribune
03-07-2025
- Business
- Express Tribune
ADB, Sindh launch Rs440m initiative
Listen to article The Asian Development Bank (ADB), in collaboration with the Government of Sindh, has launched a Rs440 million business recovery and empowerment initiative for families impacted by the 2022 floods. According to a statement issued on Wednesday, ADB's Gender Specialist Judha Bukhari led a delegation to Hyderabad on Wednesday and held a strategic meeting with the Hyderabad Chamber of Small Traders & Small Industry (HCSTSI). During the meeting, Bukhari stated that 2.1 million families were affected by the floods and, in the first phase, over 6,000 households will receive financial assistance ranging from Rs100,000 to Rs300,000 to help them establish small businesses suited to their needs. She said the aim is to empower vulnerable communities through sustainable livelihoods and appreciated HCSTSI's support in conducting the upcoming business survey in Hyderabad. HCSTSI Acting President Ahmed Idrees Chohan lauded the initiative as a timely effort to help women and youth achieve financial independence. He highlighted business models such as tailoring, tiffin services, and e-commerce training. Vice President Shan Sehgal emphasised the potential of hospitality and food ventures, citing Bangladesh's success with women-led microenterprises. He called for youth training in marketing and technical skills to foster self-sufficient businesses. The meeting was attended by ADB officials and HCSTSI members, including former president Muhammad Akram Ansari.
Business Recorder
02-07-2025
- Business
- Business Recorder
2022 flood victims: ADB, Sindh govt launch ‘business recovery' initiative
HYDERABAD: The Asian Development Bank (ADB) in collaboration with the Government of Sindh has launched a significant business recovery and empowerment initiative aimed at families affected by the 2022 floods. A delegation from ADB, led by Gender Specialist Judha Bukhari, visited Hyderabad and held a strategic meeting at the office of the Hyderabad Chamber of Small Traders & Small Industry (HCSTSI). During the meeting, detailed discussions were held on a new Rs. 440 million project that focuses on business support, skills training, and financial assistance for flood-affected households. She informed participants that approximately 2.1 million families were impacted by the 2022 floods. In the initial phase, more than 6,000 families will be supported to start small businesses tailored to their needs and capabilities. 'Each family will receive financial assistance ranging from Rs. 100,000 to Rs. 300,000 or more, depending on the viability of their business ideas,' she stated. 'The objective of this initiative is to empower vulnerable communities by enabling them to become self-sufficient through sustainable livelihoods.' She also highlighted that the core purpose of the meeting was to gather practical business ideas and develop an effective local strategy in collaboration with the community. She appreciated the support extended by HCSTSI for the upcoming business survey in Hyderabad and described the partnership as a model for impactful collaboration. Speaking on the occasion, HCSTSI Acting President, Ahmed Idrees Chohan lauded the initiative as a 'timely and commendable joint effort by ADB and the Government of Sindh.' He emphasized that the program would particularly benefit women and youth, helping them achieve financial independence. 'Small-scale business models such as sewing machine distribution for home-based women, tailoring services, tiff in services, and e-commerce training can help individuals market their products on digital platforms,' He said. He also stressed the need to promote the establishment of new industries where flood-affected individuals can find employment and contribute to national economic growth. HCSTSI Vice President Shan Sehgal added that small-scale hospitality and food ventures can have a strong impact. Citing the example of Bangladesh, he noted that millions of women there have become self-reliant through microenterprises a successful model that Pakistan can also adopt. He further suggested that technical training and marketing skills should be imparted to youth, enabling them to independently manage sustainable businesses. Copyright Business Recorder, 2025
