ISLAMABAD – Pakistan seek huge financial assistance from World Bank worthbillions of dollars.
The World Bank has agreed to provide financial assistance of $1.93 billionto the Sindh government for various new projects, including the revampingof Karachi Water and Sewerage Board (KWSB) and modernisation of Sukkur andGuddu barrages, a private media outlet reportedlink on Friday.
The accord was reached in a meeting between Sindh Chief Minister Syed MuradAli Shah and World Bank President David Malpass. During the one-on-onemeeting, matters related to mutual interests, avenues to enhance bilateralcollaboration, and the ongoing development projects came under discussion.
Speaking on the occasion, the chief minister termed Sukkur and Guddubarrages as the backbone of the rural economy. The WB agreed to provideRs328 million for the uplift of the barrages.
Earlier on November 1, WB President David Malpass met with Prime MinisterImran Khan in Islamabad to discuss matters related to the country’s economy.
The meeting had also discussed steps taken to provide quality education,skills and health facilities to the masses, as well as the provision of aconducive environment for business and employment.