Islamabad:
Thursday was reported on Thursday that Pakistan was the first country to sign a 10 -year frame with the World Bank, for which the government identified five sectors to work.
The meeting discussed the plan to rebuild houses in the areas affected by floods and registration of NGOs in the country.
The Ministry of Economic Affairs informed the committee that 10,000 houses would be completed for people affected by floods before June 30. Ministry officials said the list of affected people and the survey had prepared transparently with the help of the army and other agencies.
The member of the Akhtar Bibi committee expressed reservations that the list included people who were not affected by floods. The officials said that the list of 284,000 people affected was prepared for the construction of houses. The list was made with the greatest transparency after the survey, they added.
The Secretary of Economic Affairs told the Committee that the previous framework with the World Bank ended in 2021 and now the Washington -based lender was asked to make a frame for 10 years. “We have informed the World Bank of five sectors where we will work,” he said.
“Pakistan is the first country with which the World Bank has made a 10 -year country association framework. Actually, it is a program of $ 40 billion. The IFC will also give $ 20 billion in 10 years, he said.” The entire loan will be granted to Pakistan with an interest rate of 6%. “
