The approval of the World Bank to provide 200 million dollars for Pakistan
The money will be provided for the province of Punjab, the money will be spent on the improvement of the agricultural sector and projects of small farmers, World Bank.
The World Bank has approved to provide 200 million dollars to Pakistan, the money will be provided by the World Bank to Punjab province.
According to media reports, by providing money, farmers will be able to increase the productivity of crops. The World Bank says the money will be spent on improving the agricultural sector and projects for small farmers.
Smallholder farmers affected by climate change will have to move to modern technologies, while improving water use and increasing smallholder incomes.
According to the World Bank, the agricultural sector is the backbone of Pakistan's economy. Due to climate change, the productivity of crops has been reduced in Pakistan.
On the other hand, an agreement was reached between Pakistan and the IMF two days ago.
''1 billion 17 million dollars will be available to Pakistan.''
According to the IMF announcement, the matters of the seventh and eighth reviews under the EFF have been settled. However, the IMF board will give final approval to the deal.
Finance Minister Miftah Ismail has also shared a copy of the agreement on social media confirming the agreement with the IMF. Miftah Ismail said that IMM will provide one billion and 17 million dollars to Pakistan for the seventh and eighth installments.
The IMF statement said that export refinance schemes will remain linked to interest rates. While in order to control corruption, work is being done to declare assets electronically in Pakistan.
''Government of Pakistan will work to improve the effectiveness of anti-corruption institutions including NAB.''
Pakistan will have to maintain the continuity of exchange rate based on supply and demand, apart from this, diligent monetary policy and efficiency of government institutions will have to be improved.