Pakistan implements 6 conditions, WB releases loan

By: News Desk      Published: 11:25 PM, 29 Sep, 2021
Pakistan implements 6 conditions, WB releases loan

The World Bank (WB) Wednesday released a loan to Pakistan after getting confirmation of implementation on its six conditions.

According to the 24News HD TV channel, Pakistan has adhered to six conditions of the WB so now it has received a loan of US$397 million from the bank.

The sources said that Pakistan had complied with the terms of the energy sector and also taken steps to curb the circular debt.

Implementing the WB’s conditions, the sources said, Pakistan had also reconsidered the issue of subsidy on the electricity.

Reporter: Waqas Azeem