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World Bank Freezes $400 Million Loan To Pakistan As Bankrupt Pak Fails To Fulfill Conditions

World Bank has frozen $400 million loan to Pakistan as it has failed to comply to the agreed conditions. World Bank had given Pakistan a new three-month deadline to implement the conditions for releasing the fund or else it would terminate the loan pact! Islamabad had secured this loan last month to build foreign exchange reserves. Here's all you need to know!