Startup Pakistan
The World Bank has canceled a $500 million loan to Pakistan due to the country’s failure to meet important conditions. One key condition was renegotiating power purchase agreements under the China-Pakistan Economic Corridor (CPEC), which Pakistan has been unable to achieve. This cancellation is a major setback for Pakistan’s financial plans…
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World Bank Cancels $500m Loan to Pakistan
Sumeet Hameed
03:22
The World Bank has canceled a $500 million loan to Pakistan due to the country’s failure to meet important conditions. One key condition was renegotiating power purchase agreements under the China-Pakistan Economic Corridor (CPEC), which Pakistan has been unable to achieve. This cancellation is a major setback for Pakistan’s financial plans…
