World Bank Cancels $500 Million Loan to Pakistan Over Non-Compliance with CPEC Agreements

World Bank Cancels $500 Million Loan to Pakistan Over Non-Compliance with CPEC Agreements

The World Bank has canceled a $500 million loan for Pakistan, citing non-compliance with key conditions, including renegotiation of power purchase agreements under the China-Pakistan Economic Corridor (CPEC). According to media reports, one major reason for withholding the new budget support loan is that Pakistan has almost exhausted its borrowing quota. Government sources confirmed that […]

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