KP to launch six-year fiscal reform programme
ISLAMABAD: Khyber Pakhtunkhwa, which remains structurally dependent on federal transfers, will launch a six-year World Bank-supported programme to strengthen its fiscal system and lay the foundation for improved service delivery. The World Bank is expected to approve a $200 million loan from the International Development Association (IDA) later this month to fund the programme’s expenditure…
The Khyber Pakhtunkhwa (KP) province in Pakistan is set to launch a six-year World Bank-supported fiscal reform programme aimed at strengthening its fiscal system and improving service delivery. The programme, which is expected to receive a $200 million loan from the International Development Association (IDA), will provide $650 million in total financing, with the remaining amount to be provided by the KP government.
The programme will focus on improving revenue mobilisation, fiscal management, and service delivery, with direct benefits for the province's 41 million residents, including improved healthcare and education services. The World Bank is expected to approve the loan later this month, and the programme's primary beneficiaries will be the province's residents, with indirect benefits for taxpayers, businesses, and private investors.
Brief written by urgent.news from Dawn Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
