Pakistan seek huge financial assistance from World Bank worth billions of dollars

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Pakistan seek huge financial assistance from World Bank worth billions of dollars

ISLAMABAD - Pakistan seek huge financial assistance from World Bank worth billions of dollars.

The World Bank has agreed to provide financial assistance of $1.93 billion to the Sindh government for various new projects, including the revamping of Karachi Water and Sewerage Board (KWSB) and modernisation of Sukkur and Guddu barrages, a private media outlet reported link on Friday.

The accord was reached in a meeting between Sindh Chief Minister Syed Murad Ali Shah and World Bank President David Malpass. During the one-on-one meeting, matters related to mutual interests, avenues to enhance bilateral collaboration, and the ongoing development projects came under discussion.

Speaking on the occasion, the chief minister termed Sukkur and Guddu barrages as the backbone of the rural economy. The WB agreed to provide Rs328 million for the uplift of the barrages.

Earlier on November 1, WB President David Malpass met with Prime Minister Imran 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 a conducive environment for business and employment.