loans

Long gestation periods, inefficiency lead to delay in release of funds

Senate panel told if finance minister does not quit, situation may deteriorate

Lender also warns of urgent need for policy actions to revive exports, slow imports, stabilise remittances

Interest-free loans of Rs100 billion were being given to farmers who have 12.5 acres of land

Reserves should be enough for 3 months of imports to qualify for IBRD’s assistance

New loans were taken out to repay country’s maturing debt, maintain foreign currency reserves

The bank will offer a loan of $50-70 million to help students start their own businesses

Aims to expand financial services in Pakistan, improve living conditions

Says amount will work towards expansion of credit to Pakistani farmers, businesses.

A signing ceremony was held on April 20