'Pakistan's economy strengthening'

The World Bank (WB) has acknowledged Pakistan's economic stability and announced a ten-year agreement under the Country Partnership Framework (CPF), which includes $20 billion in development loans.

In this regard, World Bank Country Director Najy Benhassine, in a social media message, stated that economic stability in Pakistan is strengthening, which is why the World Bank Group has decided to further enhance its partnership with Pakistan.

He said the Country Partnership Framework will begin in 2026 and will serve as a significant milestone in Pakistan's development. Under this programme, the $20 billion funding will be utilized for clean energy, environmental restoration, and other development projects.

According to the World Bank, this framework will not only promote long-term development projects in Pakistan but will also bring new hope along with economic stability.

A Country Partnership Framework is a strategic agreement between the World Bank Group and a country. It outlines the World Bank's goals and programmes for a country, and how to measure their effectiveness.