Saturday, May 9, 2009

WB to provide $320 mln for education

ISLAMABAD: World Bank will provide 520 million dollars by June this year to Pakistan out of which 320 million will be used for development of its education sector.

The above amount is in addition to 300 million dollars already announced by Friends of Pakistan.

According to Economic Division sources, the above financial assistance is being provided on easy terms of 0.7 per cent mark up.

The World Bank will provide 200 million dollars to Pakistan in the fourth quarter under Pakistan Safety Net.

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