World Bank, ADB Delay $1bn Loans
Pakistan will receive only $800 million in budget support loans this month, as the two main lenders have postponed approval of another $1 billion due to a delay in completing certain conditions and a stalemate in IMF negotiations (IMF).
Read More: Government Remove Age Limit for Kamyab Jawan Programme
The World Bank will authorise $800 million in policy loans on June 28, as opposed to the initial plan of $1.5 billion, according to sources in the Ministry of Finance.
They claimed that Pakistan and the World Bank had arranged three $500 million loans.
According to sources, the World Bank delayed the approval of one loan under the second Resilient Institutions for Sustainable Economy (RISE-II) programme and reduced the size of two other loans from $500 million to $400 million each under the Securing Human Investments to Foster Transformation (SHIFT-II) programme and the Programme for Affordable and Clean Energy (PACE).
Read More: Government Pays Off 40% of Pending Payment to 20 IPPs
According to the World Bank, it also aims to improve the investment climate by implementing a nationwide harmonised GST, a competitive national tariff policy, an inclusive digital payment system that allows fintech companies to conduct electronic money operations, and better-regulated banking institutions.
For more information, please get in touch with Al Sadat Marketing.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005