Friday, 22 November 2019

World Bank, Pakistan ink loan agreements worth $918 million

REUTERS

ISLAMABAD: Pakistan and World Bank on Tuesday signed loan agreements worth of $918 million that would help the country to raise revenue and reduce compliance cost with a goal of providing better services to the people. Secretary, Economic Affairs Division, Noor Ahmed signed the financing agreements on behalf of government of Pakistan while the representatives of Higher Education Commission (HEC) and Government of KP signed their respective project agreements. Country Director, World Bank, Patchamuthu Illangovan signed the agreements on behalf of the World Bank. Adviser to the Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeez Shaikh, witnessed the signing ceremony of following three loan agreements worth US$ 918.0 million with the World Bank held, here.

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