World Bank stopped $300 million loan for Pakistan

October 28th, 2008 by The Online Reporter

IMF raised objection and stopped World Bank to issue $300 million loan to Pakistan for its development and to over-come current economic crisis, World Bank has announced to cancel this debt program.
According to a British news agency, this unexpected step taken by the World Bank would shock the plan B designed by advisor finance Shaukat Tareen to save Pakistan from economic disaster. Under this plan, the advisor finance had made the programme of collecting four billion dollars within 30 days.
However, the Pakistan official said that the government hoped that the IMF would not oppose this programme under the economic circumstances of Pakistan.