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.
How the US shut the door on asylum-seekers
- 19 hours ago
Mainly cold, dry weather expected in most parts: Met Office
- 6 hours ago
Bangladesh players act normal despite controversies, says Shanto
- 4 hours ago
Pakistan Navy ships visit Port Sultan Qaboos
- 6 hours ago
Iran warns Washington it will retaliate against any attack
- 5 hours ago
Want closer friendships? Find your “strawberry people”
- 19 hours ago
Forensic report confirms presence of CM Sohail Afridi in May 9 incidents
- 7 hours ago
Preparing youth for digital economy: inside Pakistan’s wealth university
- 6 hours ago
Bob Weir, Grateful Dead co-founder and rhythm guitarist, dead at 78
- 4 hours ago
Pakistan reiterates support for Somalia's sovereignty, integrity
- 2 hours ago
Foreign remittances hit record high of $3.6bn in December
- 6 hours ago
Islamabad: Cylinder blast in wedding house leaves eight dead, 11 hurt
- 5 hours ago
