According to news sources, Pakistan and the World Bank struck a number of agreements to secure loans totaling $500 million to fund two projects in the nation.
The Pakistani news website “The News” quoted a government statement that the World Bank will provide a loan of 200 million buckets to finance an agricultural project in the Punjab region, and 300 million dollars to finance a project to adapt to the climate with regard to easily access to schools, health facilities and markets in the Khyber Bakhtonguhu region According to Bloomberg News Agency.
It is notable that Pakistan only got 2.
Despite a fall in foreign exchange reserves, 234 billion dollars were borrowed from international lending institutions during the first quarter (from July to September) of the current fiscal year.
Pakistan received little cash from bilateral and multilateral sources during the first quarter despite the International Monetary Fund’s lending programme being revived.
The International Monetary Fund provided the nation with 1.166 billion dollars in 682.
3 million dollars came from multilateral sources, and 386 million dollars came from bilateral sources, totaling $2. 234 billion for the time period given.
Pakistan enters into agreements with the World Bank to receive $500 million in loans.
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