Pakistan to get $1.5 billion from World Financial institution for uplift initiatives

ISLAMABAD: The World Financial institution’s Nation Director for Pakistan Patchamuthu Illangovan known as on Federal Minister for Planning, Growth, and Reform Makhdum Khusro Bakhtyar in Islamabad on Thursday.

Through the assembly, Illangovan knowledgeable the minister that the World Financial institution will disburse round $1.5 billion this monetary yr for numerous initiatives as a part of its lively programme.

Appreciating the contribution of the World Financial institution within the socio-economic improvement of the nation, the minister mentioned that measures are being taken to expedite the implementation of foreign-funded initiatives by streamlining the method.

He mentioned it has been determined to evaluate the foreign-funded portfolio each month in session with all related stakeholders to take away bottlenecks and gaps in implementation of initiatives.

Numerous WB funded initiatives got here beneath dialogue. Mr Illangovan mentioned that the World Financial institution will proceed to contribute in the direction of the event of Pakistan

Deputy Chairman Planning Fee Dr Muhammad Jahanzeb Khan, members Planning Fee and senior officers of the ministry have been additionally current within the assembly.

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