WB approves $550m loan for Pakistan

ISLAMABAD - The World Bank said on Friday that a $550 million loan has been approved for Pakistan.

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Published: Sun 29 Apr 2012, 12:02 AM

Last updated: Fri 3 Apr 2015, 9:42 AM

The loan is to be used towards education and the natural gas sectors, according to a Press release of the bank. The Punjab government will get $350 million to be used towards education and it is expected that these funds will benefit at least 8 million students in the province. The federal government will receive $200 million for the exploration of natural gas.


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