News Column

World Bank likely to approve assistance for Dasu Project

June 1, 2014

Our Staff Reporter



World Bank Country Director Rachid Benmessaoud on Saturday said that Bank would approve assistance for Dasu Hydroelectric Power Project in its board meeting to be held on June 10, 2014.

He said this while talking to Finance Minister Senator Ishaq Dar. They discussed issues related to World Bank assistance to Pakistan.

The finance minister expressed his gratitude on support of the World Bank for Pakistan Day (May 1, 2014) and appreciated early disbursement of the $1 billion to Pakistan.

He informed the Country Director that Pakistanís economy is moving in the right direction and that we would continue to engage with multilateral fora including World Bank for assistance in energy and infrastructure development programmes initiated by the government.

He added that, in line with the vision of the Prime Minister to make Pakistan developed and prosperous country, the government has embarked upon a plan to meet the energy requirements and to make Pakistan an economically viable country. He emphasized that World Bankís assistance in energy and development projects particularly on Dasu Dam and CASA - 1000 will help Pakistan progress. The Country Director said that we are encouraged by the positive trends of the economic indicators. He assured the finance minister that things are moving positively for Pakistan at the World Bank.


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Source: Nation (Pakistan)


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