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Pakistan takes another $1.3b loan from World BankInternational 2021-04-01, by Editor Comments Off 3 ISLAMABAD: Pakistan and the World Bank on Friday signed over $1.3 billion worth of loan agreements including $600 million for budget support, oiling the government’s drying external financing pipelines after revival of the bailout package. The amount includes $200 million lending for fighting locust attack – a project that faces resistance from the planning ministry due to fear of wastage of money on procurement of over 300 luxury vehicles and laptops. Pakistan also finally agreed to take $50 million loan for refugees after it initially refused to borrow the money for the purpose.

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