Thursday, March 26, 2009

WB OKs $500 mln interest-free loan to Pakistan

WB OKs $500 mln interest-free loan to Pakistan WASHINGTON: The World Bank said Thursday it approved a 500 million dollar, interest-free credit to support Pakistan's program on economic stability.

"Pakistan has experienced severe external and internal shocks in the past year and is confronting a very difficult macroeconomic situation," the Washington-based World Bank said in a statement.

"The rise in international oil and food prices sharply inflated the country's imp ... Full Story

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