World Bank delays approval of $1.1billion loan for Pakistan
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World Bank delays approval of $1.1billion loan for Pakistan
ISLAMABAD (Web Desk) – World Bank on Wednesday delayed the approval of two loans worth $1.1billion for Pakistan until the next fiscal year.
The Bank had earlier earmarked $450million for reliable economy and $600million in energy debt and tariffs. However, the approval has been pending since June. On the other hand, the lender has also opposed imposing “flood levy” on imports.
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Spokesperson to the bank said the approval was expected in fiscal year 2024.
