$918m loan agreement signed between Pakistan and World Bank

Adviser to the Prime Minister on Finance Dr Hafeez Sheikh oversaw the signing ceremony of three loan agreements. The first tranche worth $400 million is targeted at raising revenue to contribute to a sustainable increase in domestic income by broadening the tax base and facilitating compliance. Another $400m agreement is a higher education development programme pursuing to nurture academic excellence.

The third programme, worth $118m, is earmarked for revenue mobilisation and resource management project for the Khyber-Pakhtunkhwa (K-P). 

Source: ExpressTribune