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Govt hoping to get $500m from WB by Sept
The government is hoping to get the much-needed budgetary support of $500 million from the World Bank (WB) under the Pakistan Economic Stabilisation Support Operation (PESSO) by September this year, Dawn News reported on Friday.The channel said that the Finance Ministry was expecting that the promised loan would partially ease the economic hardship facing the present government. According to the channel, the WB had promised the loan after Pakistan requested the bank to extend immediate cash support at the World Bank-International Monetary Fund spring meeting in April this year. The channel said that the meeting last spring was attended by former finance minister Ishaq Dar who requested the bank for immediate budgetary support. Posted by: Fred 2008-08-02 |
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