World Bank approves $102 Million loan for Pakistan

ISLAMABAD: World Bank has approved a loan of 102 million dollars for Pakistan. The loan amount will benefit 1.89 million individuals, according to the World Bank.

The World Bank has announced the approval of a substantial loan totaling $102 million to bolster microcredit and microfinance initiatives in Pakistan.

This vital financial support aims to assist approximately 1.89 million individuals, primarily targeting poor and low-income households.

The funds will be utilized to provide accessible loans, empowering marginalized communities and facilitating entrepreneurial opportunities.

By enhancing microfinance services, the World Bank seeks to improve the economic stability of vulnerable populations and foster sustainable development across the nation.

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World Bank approves $102 Million loan for Pakistan