World bank delays approval of $1.1 billion loans for Pakistan

Major jolt for Pakistan as World Bank delays loans worth $1.1 billion until FY 2024

In a major blow to Pakistan, the World Bank has delayed the approval of two loans, worth $1.1 billion, until the next fiscal year starting 2024.

World bank delays approval of $1.1 billion loans for Pakistan

ISLAMABAD :The World Bank has delayed the approval of two loans for Pakistan worth $1.1 billion until the next fiscal year pending some steps on the country's energy debt and tariffs, a finance ministry source told Reuters on Wednesday.The approval of the loans have been pending since June, said the source, d

Big Blow to Pakistan as World Bank Delays Loans Worth $1.1 Billion Amid IMF Deadlock

The Shehbaz Sharif-led Pakistani government hoped to receive an approval for at least $450 million loan in January, which would have unlocked another $450 million from the Asian Infrastructure Investment Bank

World Bank delays loans worth $1.1b

Bank also opposed additional taxes on imports, postpones until FY 2024

World Bank reveals reason to withhold Pakistan's $1.1 billion loan

07:36 PM, 18 Jan, 2023, Important News, Pakistan, Islamabad: Pakistan's $1.1 billion loan from World Bank

World Bank delays approval of $1.1 billion loans for Pakistan: source

Major issue is circular debt management plan in the energy sector and tariff revision