ISLAMABAD - The World Bank would provide one billion dollars to Pakistan in near future for new projects and development programme of the country.

World Bank Country Director Patchamouthou Illangovan disclosed this in a meeting with Adviser to Prime Minister on Finance, Miftah Ismail. Both also discussed the ongoing and future World Bank funded projects and prograqmmes.

Illangovan apprised the adviser about the forthcoming visit of Annette Dixon, World Bank Vice President, to Pakistan to discuss the current state of economy and other related matters. He also informed him about the visit to Pakistan by Snezana (Nena) Stoiljkovic, IFC Vice President for Asia. He shared with the adviser progrmme by the World Bank for undertaking over a billion USD worth of new projects/development progrmames in the near future.

The adviser welcomed the planned visit of Annette Dixon saying he looked forward to meeting her for a meaningful discourse on Pak-World Bank economic cooperation. He said the visit would help enhance the current level of bilateral cooperation.

Meanwhile, a delegation of World Technology & Trade Inc (WTTI) also called on Adviser to Prime Minister on Finance, Miftah Ismail. The Advisor said that that government welcomes foreign investors to avail investment opportunities in different sectors in Pakistan.

The delegation was led by Robert Y. Ni. The delegation apprised the adviser that objective of their visit to Pakistan is to explore areas and opportunities for investment. WTTI has deep interest to invest in different sectors including mining, natural resource exploration, hydropower and infrastructure development. WTTI has plans to come up with specific investment ventures in Pakistan in near future and they intend to also set up their office here.

Adviser Miftah Ismail said the government would extend them all possible facilitation in their investment ventures. He said Pakistan offers a liberal investment regime and international companies and business concerns are welcome to take advantage of this regime.

WTTI, it may be mentioned is incorporated in California, USA. It is an independent/advisory consulting firm specializing in serving various international business sectors with business interests in USA, China, Canada and many other countries. WTTI has contributed significantly in technology/equipment transfers, consultation & operating of major infrastructure projects globally including financial investments, mining & metallurgy, construction & development, food, farming & supply, port engineering, general aviation/aircraft, pharmaceuticals, medication, media & entertainment, oil & gas, new energy, IT outsourcing, logistics & distribution.