World Bank signs $665m Financing Agreements

Society Pakistan & World Affairs
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Imran & TuQ want to stop all this , one point agenda on which both of these two have no difference !

Power, agriculture: World Bank signs $665m financing agreements

Published: August 27, 2014

http://i1.tribune.com.pk/wp-content/uploads/2014/08/754075-secagriculturesondh_dirworldbank_agreementworldbanksindhagriculturegrowthprojectrachidbenmessaoudsaqibahmadsoomrophotopid-1409088551-964-640x480.JPG

Secretary Agriculture Sindh Saqib Soomro and World Bank country director Rachid Benmessaoud sign the agreement for Sindh Agriculture Growth Project. PHOTO: PID

ISLAMABAD: Pakistan and World Bank have signed financing agreements worth $588.4 million and $76.4 million for the development of Dasu hydropower project and Sindh Agricultural Growth Project respectively.

The Water and Power Development Authority (Wapda) chairman, National Transmission and Dispatch Company (NTDC) managing director and World Bank Country Director Rachid Benmessaoud inked the agreement for the Dasu project.

For the agriculture growth programme, the Sindh Agriculture Department secretary and World Bank country director signed the accord, said a press release issued by the Prime Minister’s Office on Tuesday. Prime Minister Nawaz Sharif was also present on the occasion.

Dasu hydropower project, which has the potential of producing 4,320 megawatts of electricity, will be developed in two phases. Under phase-I, 2,160MW will be produced, which will be increased to 4,320MW under phase-II.

The agricultural growth project would improve the productivity of the agriculture and livestock sector in Sindh.
The project will adopt a value-chain approach for providing direct investment support to the farmers and small and medium producer groups for the development of more effective and efficient farming systems. This will include the introduction of technology packages for higher productivity and value addition, and improved market access.

The ceremony was attended by Information and Broadcasting Minister Pervaiz Rashid, Planning, Development and Reform Minister Ahsan Iqbal and Water and Power Minister Khawaja Asif.

Others present were State Minister for Water and Power Abid Sher Ali, Sindh Agriculture Minister Ali Nawaz Mehr and Sindh Livestock and Fisheries Minister Jam Khan Shoro.
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Published in The Express Tribune, August 27[SUP]th[/SUP], 2014.*

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Re: World Bank signs $665m Financing Agreements

Imdad pey Imdad... yehi to aata hai hamary ledron ko karna....

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Re: World Bank signs $665m Financing Agreements

Pakistan making progress under IMF plan: Moody’s

August 22, 2014
ONLINE

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LONDON - Pakistan’s continuous progress under the IMF’s Extended Fund Facility is credit positive, because it suggests that the government is broadly on track with EFF-prescribed reforms, British media reported on Thursday.

According to “Moody’s” report, any loss of reform momentum could strain the country’s ability to repay its debts. Political willingness to push ahead with reforms will be crucial. Moody’s had revised its outlook on the sovereign’s rating to stable from negative in July. This progress should secure the next tranche of IMF funding, which is key to bolstering its external liquidity position and ensuring macroeconomic stability, the rating agency said. Pakistan’s ability to drive structural reforms, despite resurgent political fractiousness, would be a key factor supporting its credit profile. Although discussions are ongoing, successful completion of the fourth review and approval by the

IMF’s management board would allow the release of $569m in September, taking cumulative disbursements under the 36-month, $6.8b programme to $2.8b, Moody’s noted. This would buoy up Pakistan’s foreign reserves, which climbed to $9.6b in July from $2.8b in early February, but had edged down to $9.2b by August. However, reserves still exceed debt repayments due in the fiscal year ending 30 June, 2015.

The IMF noted improved macroeconomic performance and estimated that real GDP growth will rise slightly to 4.3pc in fiscal 2015, from 4.1pc in fiscal 2014 supported by firming confidence in the economy. The economic confidence in Pakistan is reflected in the recovery in private sector credit, which increased 8pc in May from a year earlier, the highest rate in more than five years. A reduction in government borrowing from the banking system freed up the flow of credit to the private sector. A ceiling on net borrowings from the State Bank of Pakistan is a quantitative criterion that the IMF requires Pakistan to meet, although the country slightly exceeded the ceiling in the fourth quarter of fiscal 2014.

The containment of central bank monetisation of government budget deficits also helped to curb inflation, which has been trending downward since April this year and stood at 7.9pc year on year in July. The IMF programme requires Pakistan to meet 21 structural benchmarks, including energy and tax reforms and enhanced revenue collection.

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Re: World Bank signs $665m Financing Agreements

Yeh IMF wlaay pakistan kay mokhlis nahi hosakty… yeh to loan dey kar kamai kartay hia.. inko pakistan aik loan ki pehli interest ki qist deny main moot par jati hia… aur hamary very very qalmand and intelligent PM :hehe: loadn pey loan liye jarah hian…

#Qarz_lo_aur_mulk_sanwaron](http://www.paklinks.com/gs/usertag.php?do=list&action=hash&hash=Qarz_lo_aur_mulk_sanwaron)

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Re: World Bank signs $665m Financing Agreements

aur Imran aur TuQ ki wjha se approx. 800 Bn ka loss ho chuka hai economy ko so far

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Have u checked it for typos?

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Re: World Bank signs $665m Financing Agreements

nope , jb 2 pagal country ko Rs. 800 bn ka loss phnacha chuke ho tau baqi cheze irrelevant ho jati hai !

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Re: World Bank signs $665m Financing Agreements

hayn? ab jaldi sai Ishaq Dallar ko bolo ke Swiss Banks se Pakistani $400 billion le kar aa jaye Pakistan taake thora nuqsan kam ho... aur Shahbaz Sharif jo China gya hay usay kaho apnay bhai ki overseas factories baich kar saaray paisay Pakistan le aaye, lo ji, nuqsan aur kam ho gaya..

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Re: World Bank signs $665m Financing Agreements

Imran, Qadri sit-ins: Economy suffers Rs 900b loss | Customs Today

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Re: World Bank signs $665m Financing Agreements

jiyyyayyyyyyyyy Bhikaaari… :hbk:

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Re: World Bank signs $665m Financing Agreements

Rs 900b “only”? ah, easy fix from Ishaq Dallar as well as Nawaz Sharif… IK to bikaoo maal hay, yahoodi ka agent hay… Nawaz Sharif ko chahiye ke apnay “Pakistani agent” honay ka saboot de aur apnay mulak mai invest karay, proper taxes de (Rs 5,000 se to kisi ka phone bill bhai poora na ho shayed).

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Re: World Bank signs $665m Financing Agreements

ye jo peechay haath bandh ke kharay hayn? :smiley:

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Re: World Bank signs $665m Financing Agreements

Shame on Imran Qadri and their blind followers for causing so much damage to Pakistan!