World Bank approves $375.9m for Pakistan’s grid stability project

The World Bank has greenlit a $375.9 million investment to help Pakistan modernize its electricity transmission network, marking the first step in a decade-long initiative aimed at bolstering grid stability and reducing frequent power outages. This financial boost is crucial as Pakistan grapples with energy shortages and infrastructure decay, which have long hampered economic growth and daily life. The project's success could set a precedent for future investments in energy infrastructure, potentially paving the way for long-term energy security and economic stability.