Pakistan Cabinet gave initial approval for a $3 billion World Bank loan – Pakistan’s Cabinet provided initial approval for a US$3 billion World Bank loan to help Pakistan tackle its dire economic situation. As per the World Bank, the financial loan, and the economic burden of Pakistan, especially the people there, will help in easing and the economic situation will return from abnormal to normal.
About World Bank –
Headquarters: Washington, D.C., United States
President: Ajay Banga
Founded: July 1944, Bretton Woods, New Hampshire, United States
Founders: John Maynard Keynes, Harry Dexter White
About Pakistan –
Capital: Islamabad
Prime Minister: Shehbaz Sharif
Population: 23.14 crores (2021) World Bank
Government: Federal republic, Parliamentary republic
Official languages: Urdu, English
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