An investment worth $800 million (£520m) will be made to boost Pakistan’s energy sector.
The cash from the Asian Development Bank (ADB) and the country’s government will fund two programmes to improve energy efficiency and reform reform the power sector.
A total of $400 million (£260m) will support the installation of an Advanced Metering Infrastructure (AMI) system for power distribution companies across the country.
It will improve load management and strengthen the financial viability of the sector by reducing electricity losses and increasing revenue collection.
The rest of the money will be used towards supporting ongoing policy reforms to build an affordable, efficient and secure energy sector.
Last week the ADB announced it will invest $1.4 billion (£0.92bn) to resolve Pakistan’s power crisis.
Werner E. Liepach, ADB’s Country Director for Pakistan said: “The two programmes are major steps towards resolving Pakistan’s energy crisis. The state-of-the-art new metering system will minimise losses and allow effective load management and transparency, thus ensuring a robust and sustainable power supply needed to lift growth and job creation.”