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.
Imaan Mazari files harassment complaint against IHC Chief Justice
- 5 hours ago
Pakistan won't play any more Asia Cup matches if match referee isn't replaced: PCB
- 4 hours ago
Met office predicts hot, dry weather in most parts of country
- 3 hours ago
Pakistan Business Forum urges govt to take concrete steps for agriculture sector
- 4 hours ago
Two new polio cases confirmed in KP
- 3 hours ago
.jpg&w=3840&q=75)
Eleven bodies recovered from floodwaters in Alipur
- 3 hours ago
PM Shehbaz arrives in Qatar for Arab-Islamic Summit
- 3 hours ago
PCB suspends official over inaction in sportsmanship row during Pak-India match
- 4 hours ago
Artists call for ‘Free Palestine’ at Emmy Awards in Los Angeles
- 2 hours ago
Ayesha Gul becomes first female SSP in Khyber Pakhtunkhwa's history
- 25 minutes ago
Owen Cooper makes Emmy history as youngest winner at 15 for ‘Adolescence’ role
- 4 hours ago
Booed by own fans, Arch says he must improve
- 4 hours ago
.jpg&w=3840&q=75)
