Pakistan received over $505m from World Bank July 28, 2020

Pakistan received over $505m from World Bank July 28, 2020

ISLAMABAD-Pakistan received over 505 million dollars from the World Bank on Tuesday under a financing agreement signed last week to provide financial support.

The State Bank of Pakistan has announced that this is a concessional financing in the form of budgetary support with the objective to enhancing the institutional framework and to improve fiscal management, and improving the regulatory framework.