Pakistan Energy Sector Uplift: World Bank to Extend $3bn funding

World Bank

A press release published by the Power Division stated the World Bank (WB) has decided to provide more than $3 billion to Pakistan for infrastructure development in the energy sector.

The international lender will also help in the Dasu hydropower project. “The World Bank is assisting in energy efficiency and conservation agendas, apart from enabling provinces to install solar projects,” it stated.

The development observed a meeting between the World Bank delegation and Minister for Energy Khurram Dastgir.

Dastgir briefed the delegation that the government had carried “tough and difficult decisions” in the power sector, directing to the increase in electricity costs, which he stated were “politically challenging.” Still, the government was devoted to providing sustainability in the energy sector.

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