The World Bank stated that Pakistan needs urgent financial reforms.
Washington DC: The World Bank Wednesday approved a loan of 350 million dollars for Pakistan.
According to the World Bank, the loan was approved for Pakistan under the Rise to Program for the purpose of providing the loan to promote competitiveness for Pakistani financial management, sustainable and inclusive economic development.
The World Bank stated that Pakistan needs urgent financial reforms.
‘The Rise to Program completes the first phase of tax, energy, business and climate reforms designed to increase revenue,’ said World Bank Country Director Naji bin Hussain.
Naji Bin Hussain added that the Rise to Program is designed to improve the spending target, competitiveness and investment promotion. The program will also help in better management of Pakistan's power sector.
Sources: Rangers address needs with 3 signings
- 11 hours ago
NHL board of governors eager to see more 'color vs. color' jersey matchups
- 11 hours ago
Jays president Shapiro given new 5-year deal
- 11 hours ago
Pakistan condemns attack on UNISFA in Kadugli, Sudan
- 5 hours ago
Pakistan aims to become model in digital assets regulation: Bilal saqib
- 5 hours ago
Source: Gray, Nats reach deal to avoid arbitration
- 11 hours ago
Blue Jays acquire right-hander Lee from Tigers
- 11 hours ago
Diaz picked Dodgers because 'I'm looking to win'
- 11 hours ago
Security forces kill 13 Khwarij in two separate engagements in KP: ISPR
- 6 hours ago
Bondi Beach shooting: Australia hails ‘hero’ Ahmed who stopped gunman
- 5 hours ago
Australian PM declares Sydney shooting a ‘terrorist’ attack targeting Jews
- 4 hours ago
Under-19 Asia Cup: India beat Pakistan by 90 runs
- 5 hours ago
