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With Improved Security, World Bank Decides To Invest $460M In Peshawar-Torkham Expressway

The new four-lane expressway from Peshawar to Torkham border will be built as the existing two-lane road cannot be modernized due to various constraints May 19, 2018 (BE2C2) — The World Bank has decided to invest $460 million to build a new 4-lane highway from Peshawar to Afghanistan border aimed at bolstering trade between the two countries and creating job opportunities in war-torn federally administered tribal areas (FATA). The decision comes as there is marked improvement in the security situation, the World Bank documents said. The board of directors ofRead More

World Bank Okays $145 Million to Spur Home Mortgage Ecosystem in Pakistan

(BE2C2 Report) — The World Bank has approved $145mn for Pakistan Housing Finance Project (PHFP), aimed at expanding homeownership, including women and the poor through access to affordable house building loans. According to a report published by the World Bank in 2017, the housing in Pakistan is at a grim 1% while that for India is 7% and that of the developed world is 50%. This highlights how far behind the country is at providing adequate facilities to its people. The international financial institution in a statement issued in IslamabadRead More