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| | GEO Business | | WB pledges $1.34 bn for Pak development programme | Updated at: 2254 PST, Thursday, September 25, 2008
NEWS YORK: The world bank will be coming to Pakistan's aid, by pledging 1.34 billion dollars for development programmes that are already in the pipeline.
The commitment came after President Zardari held a meeting with World Bank head Robert Zoellick.
Zoellick said the World Bank funded programmse in the pipeline this year include investments in energy, water and infrastructure.
He also assured the president of the Bank’s support for development in FATA as well as poverty alleviation.
In turn Zardari explained his government's policies aimed at bringing about economic stability in Pakistan
He said that the government had been forced to take difficult decisions to meet the current economic challenges, and expressed hope that the world bank's help would aid Pakistan in moving out of the current economic crisis.
The President also shared his vision for fast-track development and industrialization in FATA to provide employment opportunities in that area. |  |
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