Pakistan seeks $36 billion power sector refinancing from World Bank, ADB, and Saudi Arabia to reduce tariffs
Pakistan engages with World Bank, ADB, and Saudi Arabia to secure $36 billion in long-term refinancing for the power sector, aiming to ease circular debt and reduce industrial electricity tariffs over the next 13 years.
Pakistan’s Reliance on ADB and World Bank Loans Raises Long-Term Dependency Concerns
Pakistan’s latest financing from the Asian Development Bank and World Bank has revived concerns among economists over growing debt dependence, policy influence, and the country’s struggle to achieve sustainable, self-financed growth.