Home / General / $500 million World Bank credit to support Pakistan’s growth-oriented reforms: Abdul Basit

$500 million World Bank credit to support Pakistan’s growth-oriented reforms: Abdul Basit

Lahore, December 17, 2015 (PPI-OT): Approval of $500 million World Bank credit to support Pakistan’s growth- oriented reforms would help strengthen economy in multiple ways. This was stated by Mr Abdul Basit, Chairman Punjab Board of Investment and Trade while commenting on World Bank report. The Chairman PBIT said that the World Bank decision would not only give added confidence to local investor but would also pave way for foreign investors who always relay heavily on reports of international donors.

Mr Abdul Basit said that the World Bank report has put Pakistan among the eight countries, that are now eligible for World Bank borrowing and that is a happy sign. The others countries are Afghanistan India, Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka.

Mr Abdul Basit said that According to the report World Bank group has pursued a number of programs to enhance the effectiveness of development projects through citizen engagement in Pakistan and Kenya to improve service delivery and accountability using technology that provides direct links for real time customer feedback. The Chairman has appreciated the bank for approval of fifty million dollar to improve skills training programs in priority growth sector in Punjab.

For more information, contact:
Punjab Board of Investment and Trade (PBIT)
23-Aikman Road, GOR-I, Lahore
Tel: +92-42-99205201-06
Fax: +92-42-99205171
Email: info@pbit.gop.pk
Website: www.pbit.gop.pk

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