Islamabad: To combat with the financial difficulties, Government decided to try the same tactic that was used by previous governments as they faced failure again and again. Interestingly, present government intends to go a step ahead than the previous government. After the IMF, it has also decided to take credit for the various projects from the World Bank but not only that, Pakistan in return for the loan would sell shares of public companies to the group of World Bank.
These public companies will consist of the energy associated institutions and the various industries of the Pakistan. In this regard, the World Bank is expected to approved the strategy in the start of May, 2014 and Finance minister says that 1st, May will be the “New Pakistan Day”. Furthermore, the World Bank has demanded to bring a normal trade relationship with India for the loan.
The World Bank will give $ 11 billion to Pakistan over the next five years in replace of these steps but another critical point is that the federal and provincial levels of international organizations in the formulation of policies would be directly involved. It has decided that Pakistan will be handed over to the financial institution in replace of $ 11 billion.
The World Bank’s International Finance Corporation is preparing to acquire shares of public institutions and IFC will also cooperate in the process of privatization of different institutions. To accelerate the privatization, the organization will also give loan of about 50 million dollars.
Muhammad adnan
sir i need the loan