World Bank approves $1 billion to Pakistan

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ISLAMABAD, May 2 (APP): The World Bank has approved a package of assistance worth US$1 billion to support Pakistan’s economic reforms.

The assistance package consists of two Development Policy Credits
(DPCs) to support the Government of Pakistan’s efforts to improve the power sector, and reinvigorate growth and investment for reducing poverty and building shared prosperity.

“The Government of Pakistan deserves appreciation for stabilizing the
economy, initiating reforms in the power sector as well as revenue mobilization and drawing in the private sector for spurring growth”, said Philippe H. Le Houerou, Vice President of World Bank Group’s South Asia Region.