The Islamic Development Bank (IDB) has offered to disburse an additional $850 million to Pakistan in the next three years for project assistance. The offer was made by Birama Boubacar Sidibe, Vice President (operations) Islamic Development Bank (IDB) who called on Finance Minister Ishaq Dar at his office. The Finance Minister also thanked IDB for financing Neelum-Jhelum Hydropower Project and hoped that the project whose cost had tripled due to neglect of the previous government would be completed by 2016 as Prime Minister Nawaz Sharif was taking personal interest. Similarly, work on Nanidpur Project which had been delay for over three years had been started in full swing. Dar informed the IDB delegation that introduction of reforms, economic initiatives taken by the government, clearance of circular debt and successful conclusion of a program with IMF had set a direction of the economy which was now on the road to recovery.
