World Bank to finance Khyber Pass Economic Corridor project with a loan of $406.6 million



The World Bank will provide $406.6 million for the Khyber Pass Economic Corridor (KPEC) project which will promote economic development and uplift areas adjoining the expressway and falling in Khyber Pakhtunkhwa (KP). An agreement to this effect was signed in Islamabad on Friday, according to a statement by the Economic Affairs Division. Economic Affairs Division Secretary Dr Syed Pervaiz Abbas signed the project loan agreement on behalf of the government while a representative of...

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