World Bank officials meet in Pakistan for projects worth $1.5billion

A meeting was held between World Bank officials and the Federal Minister here in Islamabad on Thursday. Country Director, World Bank, Mr. Patchamuthu Illangovan met Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar to discuss funding issues on development.

The Deputy Chairman Planning Commission Dr. Muhammad Jahanzeb Khan, members Planning Commission and senior officials of the Ministry were also present in the meeting.

During the meeting, Mr. Illangovan shared that World Bank will continue to contribute to the development of Pakistan and will disburse around $1.5 billion this financial year for various projects as part of its active program.

Mr. Bakhtyar appreciated the contribution of World Bank in socio-economic development of Pakistan. He stated that it has been decided to review the foreign funded portfolio every month in consultation with all relevant stakeholders to remove bottlenecks and gaps in implementation of projects.

During the meeting, various WB funded projects came under discussion.