The World Bank has approved a midterm review to support social sector development in Pakistan in partnership with the International Finance Corporation (IFC). According to Radio Pakistan, the World Bank will provide assistance for improvement in energy sector, service delivery and enhancing capability of institutions.

The midterm strategy is in line with Pakistan's Vision 2025 which includes economic reforms, power sector reforms and sustainable solutions to financial issues.

The World Bank and IFC also decided to increase financing by US$13.3 billions for various sectors over the next three years.

The World Bank and IFC are extending support for improvement of agriculture sector in Punjab, urban development in Karachi and for uplift of living standard of people in Khyber Pakhtunkhwa and Balochistan.

Copyright Associated Press of Pakistan, 2017