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World Bank approves 500 million loan for Pakistan

World Bank approves 500 million loan for Pakistan:

ISLAMABAD / KARACHI: The World Bank has approved a 500 500 million loan for Pakistan.

According to a handout issued by the World Bank’s Pakistan office, the World Bank’s Board of Executive Directors has allocated Rs. Approved a million dollar loan. The provision of credit has also been made conditional on fundamental reforms in the energy sector to achieve low-carbon energy. According to the World Bank, these reforms are crucial in creating financial flexibility to recover from the effects of Code 19.