Prime Minister Shehbaz Sharif welcomed a $40 billion “investment” by the World Bank on Monday, stating that the inflow will open “a new chapter” in various sectors of the economy, according to a statement issued by his office.

In January, an official statement announced that the World Bank pledged to provide $20bn to Pakistan under a 10-year country partnership framework (CPF) to support inclusive and sustainable development within the country.

According to the statement from Prime Minister House, PM Shehbaz welcomed a delegation of nine World Bank executive directors in Islamabad today.

“Under the World Bank’s recent Country Partnership Framework, an investment of $40bn will be made in Pakistan, which is welcome,” the statement quoted the prime minister as saying.

“With the support of the World Bank, several major projects were built in Pakistan for national development and reconstruction, which played an important role in Pakistan’s development,” he added.

The PM further said that Pakistan benefitted from its partnership with the World Bank, as it provided support to the country in........

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