World Bank offers $2 billion aid to Pakistan

Islamabad: World Bank has offered a $2 billion assistance package to Pakistan, a media report said on Tuesday.

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Prime Minister Nawaz Sharif talked to World Bank Managing Director Sri Mulyani Indrawati, welcoming the bank’s cooperation in the country’s economy, education and energy sectors, Radio Pakistan reported.

Sharif discussed with the director and proposed initiatives of regional connectivity through rail and road links in the region.

He referred to projects about improving and building rail and road links from Karachi and Gwadar to Turkmenistan city of Tirmiz, where Central Asian States including Turkmenistan, Uzbekistan, Afghanistan and Tajikistan have borders at short distances.

Indrawati assured Bank’s support for the proposed initiative and offered International Bank for Reconstruction and Development assistance package of two billion dollars over a period of four years.