Senate Panel Flags Irregularities in KP World Bank Projects

The Senate Committee on Economic Affairs has directed the EAD to take up irregularities in foreign-funded projects in Khyber Pakhtunkhwa with the World Bank, citing concerns over bidding processes and procurement methods. The committee also recommended reducing reliance on foreign borrowing and urged a comprehensive inquiry into the matter. This highlights ongoing governance challenges in Pakistan's development projects, which could indirectly affect investor confidence in the long term, but is unlikely to cause immediate shifts in gold or USD/PKR rates.

بحوالہ / Source: www.brecorder.com