Pakistan gets $425 million loan to modernise transmission network

ISLAMABAD: Six months after its approval, Pakistan and the World Bank on Wednesday signed a $425-million loan agreement for bringing improvement in the country’s dilapidated electricity transmission network.

Economic Affairs Division Secretary Syed Ghazanfar Abbas Jilani and World Bank Country Director Patchamuthu Illangovan signed two agreements worth $565 million. These included a credit of $425 million to modernise the power transmission system and additional financing of $140 million for the Sindh Barrages Improvement Project.

Published in The Express Tribune, 14th June, 2018