Pakistan, WB sign agreement

ISLAMABAD - The World Bank and government of Pakistan have signed an agreement for strengthening the National Trade Corridor Improvement Programme (NTCIP), amounting $ 25 million, in the Economic Affairs Davison for the Trade and Transport Facilitation Project-II (TTFP), says a press release on Wednesday. The press statement further said that under the agreement, the World Bank committed the amount to support Pakistan in the implementation of the NTCIP and also strengthen the institutional arrangements for NTCIP. Farrakh Qayyum, Secretary Economic Affairs Division and Yusupha B Crookes, Country Director, World Bank signed the agreement. The objectives of the project is to improve the performance of Pakistans trade and transport logistics by facilitating the implementation of the National Trade Corridor Improvement Programme and the simplification and modernization of the Pakistan international trade practices and procedures.

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