Pakistan to receive $12 billion loan from World Bank

BusinessPakistan to receive $12 billion loan from World Bank

Pakistan to receive $12 billion loan from World Bank

ISLAMABAD: The finance ministry said on Friday that Pakistan will receive a $12 billion loan from the World Bank over a period of five years, media reports said.

The ministry said that the loan will target “energy, economy, (fighting) extremism and education.”

Within the framework of a two percent interest rate loan program, the first $1 billion will be transferred to the country next week.

Asad Haroon
Asad Haroon
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