Bankrupt Pakistan gets big jolt; World Bank delays $1.1 Billion loan amid economic mess
Amid ongoing economic crisis, the World Bank has delayed the approval of two loans, worth $1.1 billion to Pakistan, Tribune reported Wednesday. The World Bank has decided to withhold approval of the second resilient institutions for sustainable economy (RISE-II) loan worth $450 million and the second program for affordable energy (PACE-II) worth $600 million.