World Bank offers Pak $2 billion

Islamabad, August 19:

The World Bank has offered Pakistan $2 billion for infrastructure development, including the rehabilitation of roads, railways and port facilities.

The issue was discussed at a meeting here presided over by prime minister Shaukat Aziz at which a World Bank team made a presentation about improving infrastructure and logistic networks. Aziz said the proposed funding would cover improvement of road network, railways and ports and streamlining of customs and documentation procedures, Dawn reported on Friday. These measures would reduce operating costs and transit time, he added.

Aziz directed the planning commission to set up a coordination cell and prepare a plan within four weeks in consultation with the World Bank experts to earmark expenditure on various projects.