World Bank delays approval of $1.1bn loans for Pakistan

The file photo shows a person walking by the building of the Washington-based global development lender, The World Bank Group, in Washington DC, US on January 17, 2019. (Photo courtesy: AFP/File)

January 19: Business Recorder reported, 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. Read More I