World Bank approves 102m dollars loan for Pakistan

ISLAMABAD
The World Bank (WB) has approved $102 million loan for Pakistan.
According to WB this loan will be utilized for micro credit and micro financing.
“Microfinance is a critical tool for supporting the livelihoods of vulnerable populations in Pakistan. This project will help strengthen the resilience of the microfinance sector, particularly in the face of growing climate risks, ensuring that the sector can continue to provide essential financial services to those who need them most, especially in rural areas” said Najy Benhassine, World Bank Country Director for Pakistan.
About 18 lac and 90 thousand people will benefit from this financing.
WB has said poor and low income rural communities will be able to benefit from this loan.