“The World Bank decides on the timing for sharing project proposals for Board consideration following due process and based on the proposed projects’ readiness”, Country Director of the World Bank for Pakistan Najy Benhassine said on his official Twitter handle.

Earlier, the media reports had claimed that the Washington-based lender had delayed the approval of two loans for Pakistan worth $1.1 billion until the next fiscal year pending some steps on the country’s energy debt and tariffs.

However, Behassine made it clear that all the approval dates for approval of loans were already scheduled.