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World Bank sets tough loan terms Finance ministry seeks three budget support loans totalling $1.5b before end of June Alpha Beta Core CEO Khurram Schehzad said the new regulations would improve the rupee-dollar parity. PHOTO: FILE ISLAMABAD: The World Bank has set tough conditions for $1.5 billion lending such as increase in electricity rates, introduction of new power and tax policies, putting the government in a tight spot that is already seeking a review of the International Monetary Fund (IMF) deal. The finance ministry was seeking three budget support loans totalling $1.5 billion from the World Bank before the end of June, sources told The Express Tribune.

Shaukat tarinKhurram schehzadImran khanInternational monetary fundClean energyProgramme for affordableNational electricityWorld bankAlpha beta coreResilient institutionsSustainable economySecuring human investmentsFoster transformationFinance minister hammad azharState bankFinance minister shaukat tarin