WB approves $12bn loan for Pakistan

ISLAMABAD: Finance Minister, Senator Ishaq Dar Thursday said that the World Bank (WB) has given a go ahead for a loan of 12 billion dollars.

“The World Bank will extend financial assistance of 12 billion dollars for the next five years,” Ishaq Dar told the media here.

Under the loan program, 11 out of 12 billion dollars will be spent for the execution of development projects while WB has approved one billion dollar as easy loan for Pakistan.