KARACHI - The public and private sectors should approach Asian Development Band to give Pakistan plausible share from their newly established multi-donor fund to spend on environmental sector. This was said by a member board of governors World Maritime University, Sweden, Capt Anwar Shah while talking to The Nation, adding that the country needs such sort of funds to better the environmental and social sectors. He said the ADB has set up a multi-donor Urban Financing Partnership Facility to support its wide-ranging urban development projects, with the Government of Sweden the first to inject funds. It has been reported that the facility will provide grants and guarantees to help drive environmental infrastructure improvements in urban centres. It will support ADBs goal of raising the quality of life in Asian cities, where the population is growing by 44m people a year, putting a huge strain on services and the environment. According to the details, an Urban Environmental Infrastructure Fund has been established under the facility, with the Govt of Sweden committing an initial Skr100m Swedish Krona (around $14 million), and a guarantee facility of Skr500m Swedish Krona (around $70 million). Separate urban trust funds may also be set up under the facility, while the Regional and Sustainable Development Department will manage the facility, with the office of Co-financing Operations handling donor contributions and guarantees. The facility can provide both grants and guarantees for both public and private sector urban projects to ensure they incorporate poverty reduction and environmental features, such as climate change mitigation and adaptation measures. It will fund a wide range of technical assistance to help lay the groundwork for such urban projects and provide a mechanism for coordinating project loans, grants and guarantees and for the exchange of technology and other knowledge products.