Approval at board meeting in Washington, private sector to invest $2.5 billion in project
Islamabad: Another major diplomatic failure of India has come to light when the IFC/World Bank approved a concessional loan of $700 million for Pakistan’s most important Reko Diq project.
This amount has been approved in a board meeting in Washington and as a result of Pakistan’s major diplomatic success in this most important project, the private sector will invest $2.5 billion in this Reko Diq project.
Advisor to the Prime Minister Dr. Tauqeer Hussain Shah played an important role in obtaining the money for this project. He had lobbied vigorously for this project at the World Bank and it has been finally successful.
