Pak Requests to WB for 1-year Extension in PRR Project

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Pak Requests to WB for 1-year Extension in PRR Project

Islamabad: The Government of Pakistan seeks a 1-year extension from the World Bank (WB) for the “Pakistan Raises Revenue (PRR)” project. The project is worth $400 and the extension will aim to revise the Project Development Objective (PDO) indicators for enhancing attribution.
Read more: Pakistan Seeks Loan Deadline Extension World Bank: Dasu Hydropower Plant

The proposal paper from the Ministry of Economic Affairs includes:

  • Project extension until June 30, 2025, to complete Investment Project Financing (IPF)
  • To revise PDO indicators to improve attribution and get rid of outdated measurement
  • Adjust Disbursement Linked Indicators (DLIs) and Implementation-Related Indicators (IRIs)
  • To modify DLIs and verify protocols to account for unexpected developments
  • Read more: Pakistan, Dubai Signed $3bn Agreements

    The proposed revisions requested aim to enhance the efficacy of Pakistan Raises Revenue with the desired circumstances and objectives.

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