World Bank aid for Pakistan

The World Bank has approved a 4.9 billion euro lending programme for Pakistan.

Over the next four-years the money will be used to boost tax revenues, make electricity supplies more reliable and improve conditions in conflict-hit areas.

The programme will focus on specific trouble spots in Pakistan particularly on helping those whose lives have been disrupted by fighting with al Qaeda-linked militants.

The World Bank also said it will intensify its efforts to help Pakistan’s government increase tax revenues, which has caused chronic underfunding of key services and made the country reliant on foreign aid.

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