World News | Pak PM Shehbaz Sharif Thanks World Bank for Pledging to Provide USD 20 Billion

Islamabad, Jan 23 (PTI) Prime Minister Shehbaz Sharif on Thursday thanked the World Bank for pledging to provide USD 20 billion under the 10-year country partnership framework.

Last week, the bank said that the new framework for Pakistan aimed to "support inclusive and sustainable development" by placing a strong focus on building human capital and fostering durable private sector growth.

Also Read | Amazon Layoffs: E-Commerce Giant Likely To Lay Off Around 1,700 Employees Amid Quebec Operations Exit.

Addressing the launch of the Country Partnership Framework (CPF) for Pakistan at a ceremony here, Shehbaz said that it was a great day in the country's history.

He said the CPF, which spans over 10 years with an amount of USD 20 billion, is a vision to transform Pakistan's economy, building climate-resilient projects, alleviating poverty and unemployment and promoting digitization, agriculture and IT-led initiatives.

Also Read | Air India To Resume Tel Aviv-Delhi Flights From March 2 As Israel-Hamas Ceasefire Agreement Holds Up.

He said the World Bank supported Pakistan over a period of time and important projects were built with its support, ranging from hydel power generation in the water sector to reform in the Federal Board of Revenue.

He thanked the World Bank team, particularly its President Ajay Banga and Vice President for South Asia Martin Raiser.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)