Pakistan gets $500 million WB loan

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KARACHI (Agencies) - Pakistan has received a $500 million loan from the World Bank to help stabilise the economy, an official at State Bank of Pakistan said Tuesday.
The loan is interest-free and for 35 years, said the SBP official, who didn’t want to be named.
The loan from the bank’s International Development Association is aimed at helping protect the poor and improving the country’s competitiveness by shoring up the financial sector and cutting barriers to starting a http://feeds2.feedburner.com/~ff/pakistan-news-newspaper-daily-english-online/Politics?d=yIl2AUoC8zA (http://feeds2.feedburner.com/~ff/pakistan-news-newspaper-daily-english-online/Politics?a=hpg8DHtyEL0:3mrDgFG6e0g:yIl2AUoC8zA) http://feeds2.feedburner.com/~ff/pakistan-news-newspaper-daily-english-online/Politics?i=hpg8DHtyEL0:3mrDgFG6e0g:V_sGLiPBpWU (http://feeds2.feedburner.com/~ff/pakistan-news-newspaper-daily-english-online/Politics?a=hpg8DHtyEL0:3mrDgFG6e0g:V_sGLiPBpWU)
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[pakguy]

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