1.2 billion young people will reach working age over the next decade

Strengthening Markets for Agriculture and Rural Transformation Punjab Program

Abstract*

The development objective of the Strengthening Markets for Agriculture and Rural Transformation (SMART) in Punjab Program Project for Pakistan is to increase the productivity of crop and livestock farmers, improve their climate resilience, and foster agribusiness development in Punjab. The proposed SMART Punjab Program aligns with the World Bank objectives of private sector development and inclusion, set out in the Country Partnership Strategy (CPS)... Show More

Development Objective

To increase the productivity of crop and livestock farmers, improve their climate resilience, and foster agribusiness development in Punjab.

Key Details

Project Details

Project ID
P162446
Status
Closed
Team Leader
Olivier Durand
Borrower 2
Islamic Republic of Pakistan

Country
Pakistan
Disclosure Date
August 14, 2017
Approval Date
(as of board presentation)
December 15, 2017
Effective Date
February 2, 2018

Total Project Cost 1
US$ 300.00 million
Implementing Agency
Department of Agriculture
Region
Middle East, North Africa, Afghanistan, and Pakistan
Fiscal Year 3
2018

Commitment Amount
US$ 300.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 2024

Last Stage Reached
Bank Approved
Last Update Date
May 29, 2024

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change46%
- FY17 - Adaptation28%
- FY17 - Mitigation17%

FY17 - Finance

FY17 - Finance for Development5%
- FY17 - Agriculture Finance5%

FY17 - Human Development and Gender

FY17 - Nutrition and Food Security3%
- FY17 - Food Security3%

FY17 - Private Sector Development

FY17 - Jobs42%
- FY17 - Job Creation42%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management10%
- FY17 - Flood and Drought Risk Management10%
FY17 - Rural Development92%
- FY17 - Rural Infrastructure and service delivery34%
- FY17 - Rural Markets57%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	300.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	300.00
IDA Commitment	N/A
IBRD + IDA Commitment	300.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	300.00

Summary Status of World Bank Financing (US$ Millions) as of October 31, 2025

No data available.

Detailed Financial Activity as of October 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jun 15, 2022	IBRD-88090	Int Charges	182,635.06
Jun 15, 2022	IBRD-88090	Int Charges	876,857.30
Jun 15, 2022	IBRD-88090	Int Charges	878.43
Apr 12, 2022	IBRD-88090	Loan Disb	7,182,000.00
Jun 15, 2024	IBRD-88090	Int Charges	6,971,353.00
Jun 15, 2024	IBRD-88090	Int Charges	39,901.87
Jun 15, 2024	IBRD-88090	Int Charges	23,445.83
Jun 15, 2024	IBRD-88090	Loan Repay	3,171,080.00
Jun 21, 2024	IBRD-88090	Loan Disb	8,980,000.00
Dec 15, 2017	IBRD-88090	Loan Commitment	300,000,000.00
Dec 6, 2021	IBRD-88090	Loan Disb	14,250,000.00
Dec 15, 2021	IBRD-88090	Int Charges	203,910.30
Dec 15, 2021	IBRD-88090	Int Charges	680,578.56
Dec 15, 2022	IBRD-88090	Int Charges	177,760.94
Dec 15, 2022	IBRD-88090	Int Charges	3,013,854.20
Dec 12, 2022	IBRD-88090	Loan Disb	2,000,000.00
Jun 20, 2023	IBRD-88090	Loan Disb	18,225,000.00
Jun 15, 2023	IBRD-88090	Loan Disb	22,900,000.00
Jun 15, 2023	IBRD-88090	Int Charges	41.10
Jun 15, 2023	IBRD-88090	Int Charges	203,155.86
Jun 15, 2023	IBRD-88090	Int Charges	59,339.03
Jun 15, 2023	IBRD-88090	Int Charges	4,429,513.00
Oct 19, 2022	IBRD-88090	Loan Cancel	70,250,000.00
Dec 15, 2023	IBRD-88090	Int Charges	6,487.21
Dec 15, 2023	IBRD-88090	Int Charges	6,352,636.50
Dec 15, 2023	IBRD-88090	Loan Repay	3,019,080.00
Dec 15, 2023	IBRD-88090	Int Charges	29,831.96
Dec 15, 2023	IBRD-88090	Int Charges	85,166.32
Dec 20, 2023	IBRD-88090	Loan Disb	10,000,000.00
Mar 14, 2018	IBRD-88090	Loan Disb	29,925,000.00
Feb 2, 2018	IBRD-88090	Loan Disb	750,000.00
Feb 2, 2018	IBRD-88090	Fee Charges	750,000.00
Jun 22, 2018	IBRD-88090	Loan Disb	10,000,000.00
Jun 22, 2018	IBRD-88090	Loan Disb	2,000,000.00
Jun 15, 2018	IBRD-88090	Int Charges	134,662.50
Jun 15, 2018	IBRD-88090	Int Charges	218,610.44
Jun 26, 2018	IBRD-88090	Loan Disb	1,000,000.00
Dec 15, 2018	IBRD-88090	Int Charges	717,358.50
Dec 15, 2018	IBRD-88090	Int Charges	321,934.75
Jun 15, 2019	IBRD-88090	Int Charges	312,800.00
Jun 15, 2019	IBRD-88090	Int Charges	814,757.10
Apr 17, 2019	IBRD-88090	Loan Disb	16,650,000.00
Jun 21, 2019	IBRD-88090	Loan Disb	3,000,000.00
Sep 30, 2019	IBRD-88090	Loan Disb	12,000,000.00
Dec 5, 2019	IBRD-88090	Loan Disb	3,000,000.00
Jan 24, 2020	IBRD-88090	Loan Disb	1,000,000.00
Dec 15, 2019	IBRD-88090	Int Charges	93,962.46
Dec 15, 2019	IBRD-88090	Int Charges	290,325.53
Dec 15, 2019	IBRD-88090	Int Charges	1,081,814.50
Dec 15, 2019	IBRD-88090	Int Charges	6,728.43
Apr 20, 2020	IBRD-88090	Loan Disb	23,390,000.00
Jun 24, 2020	IBRD-88090	Loan Disb	4,500,000.00
Jun 15, 2020	IBRD-88090	Int Charges	2,394.53
Jun 15, 2020	IBRD-88090	Int Charges	267,240.50
Jun 15, 2020	IBRD-88090	Int Charges	1,077,693.10
Jun 15, 2020	IBRD-88090	Int Charges	205.48
Dec 15, 2020	IBRD-88090	Int Charges	8,947.00
Dec 15, 2020	IBRD-88090	Int Charges	88,563.31
Dec 15, 2020	IBRD-88090	Int Charges	658,100.30
Dec 15, 2020	IBRD-88090	Int Charges	241,093.95
Dec 11, 2020	IBRD-88090	Loan Disb	6,000,000.00
Jun 15, 2021	IBRD-88090	Int Charges	642.74
Jun 15, 2021	IBRD-88090	Int Charges	223,467.08
Jun 15, 2021	IBRD-88090	Int Charges	640,649.60
Jun 15, 2021	IBRD-88090	Int Charges	163.93
Jun 23, 2021	IBRD-88090	Loan Disb	2,250,000.00
Apr 12, 2021	IBRD-88090	Loan Disb	21,250,000.00
Jun 15, 2022	IBRD-88090	Int Charges	2,612.81

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Satisfactory	2024-06-24
Overall Implementation Progress (IP)	Satisfactory	2024-06-24
Monitoring and Evaluation	Moderately Satisfactory	2024-06-24

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 01-31-2025
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 05-30-2025	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Water delivery ratio in selected canals Value 0.61 0.90 0.90
Date November 22, 2017 November 30, 2023 June 30, 2024
Comment
Input subsidy beneficiary farmers who have recorded a wheat productivity increase over the past three cropping seasons Value 0.00 0.00 75.00
Date January 1, 2018 November 30, 2023 June 30, 2024
Comment
Farmers below 25 acres covered by agricultural insurance Value 0.00 0.00 80.00
Date February 2, 2018 November 30, 2023 June 30, 2024
Comment
Wholesale markets privately managed Value 0.00 50.00 80.00
Date July 1, 2018 November 30, 2023 June 30, 2024
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

E-voucher scheme for ag inputs subsidy extended farmers < 5 ha Value 25000.00 350000.00 400000.00
Date November 22, 2017 November 30, 2023 June 30, 2024
Comment
Punjab Crops and Livestock Research and Extension Policy & Strategy notified Value No No Yes
Date November 22, 2017 November 30, 2023 June 30, 2024
Comment
Increased investment in CSA Value 3.00 17.00 15.00
Date November 22, 2017 November 30, 2023 June 30, 2022
Comment
Increased budgetary allocation for agricultural research in ADP Value 0.00 20.00 20.00
Date July 1, 2017 November 30, 2023 July 1, 2022
Comment
Farmers below 25 acres in flood-prone districts covered by agricultural insurance Value 0.00 0.00 60.00
Date January 1, 2023 November 30, 2023 June 30, 2024
Comment
Budgetary allocation ratio for animal preventive healthcare increased (as compared to curative healthcare) Value 65.00 80.00 80.00
Date July 1, 2017 November 30, 2023 June 30, 2024
Comment
Animals of selected species registered in progeny testing programs increased Value 7000.00 60000.00 60000.00
Date December 22, 2017 November 30, 2023 June 30, 2024
Comment

Farmers encouraged to adopt HVA through increased allocation for HVA in ADP expressed as percentage of total allocation for agriculture	Value	3.50	43.40	20.00
	Date	November 22, 2017	November 30, 2023	June 30, 2024
	Comment

Farmers reached with agricultural assets or services Value 25000.00 350000.00 500000.00
Date December 22, 2017 November 30, 2023 June 30, 2024
Comment
PAMRA (Punjab Agricultural Marketing Regulatory Authority) Act approved and enforced Value No Yes Yes
Date November 22, 2017 November 30, 2023 June 30, 2024
Comment
Agricultural produce and food testing laboratories established at provinc, region, divisional levels Value 0.00 5.00 8.00
Date November 22, 2017 November 30, 2023 June 30, 2024
Comment
Farmers reached with agricultural assets or services - Female Value 1000.00 15000.00 15000.00
Date November 22, 2017 November 21, 2018 December 31, 2021
Comment

Water delivery ratio in selected canals	Value	0.61	0.90	0.90
	Date	November 22, 2017	November 30, 2023	June 30, 2024
	Comment

Input subsidy beneficiary farmers who have recorded a wheat productivity increase over the past three cropping seasons	Value	0.00	0.00	75.00
	Date	January 1, 2018	November 30, 2023	June 30, 2024
	Comment

Wholesale markets privately managed	Value	0.00	50.00	80.00
	Date	July 1, 2018	November 30, 2023	June 30, 2024
	Comment

E-voucher scheme for ag inputs subsidy extended farmers < 5 ha	Value	25000.00	350000.00	400000.00
	Date	November 22, 2017	November 30, 2023	June 30, 2024
	Comment

Increased investment in CSA	Value	3.00	17.00	15.00
	Date	November 22, 2017	November 30, 2023	June 30, 2022
	Comment

Budgetary allocation ratio for animal preventive healthcare increased (as compared to curative healthcare)	Value	65.00	80.00	80.00
	Date	July 1, 2017	November 30, 2023	June 30, 2024
	Comment

Animals of selected species registered in progeny testing programs increased	Value	7000.00	60000.00	60000.00
	Date	December 22, 2017	November 30, 2023	June 30, 2024
	Comment

Farmers reached with agricultural assets or services - Female	Value	1000.00	15000.00	15000.00
	Date	November 22, 2017	November 21, 2018	December 31, 2021
	Comment