The Pakistan Tehreek-e-Insaf (PTI) government cleared on Tuesday a $127-million project to improve tourism in Khyber-Pakhtunkhwa (K-P), removing the hurdle in the way of approval of a $100-million loan by the World Bank next month for financing the project.


The Central Development Working Party (CDWP) recommended the Khyber-Pakhtunkhwa Integrated Tourism Development project for final approval of the Executive Committee of National Economic Council (Ecnec). The CDWPs go-ahead was a prerequisite for approval of the $100-million loan by the World Bank board of directors, which is scheduled to meet in mid-May.


It was the second project that the CDWP cleared in less than a month which would be financed by taking loans from the World Bank. Earlier, the CDWP cleared the concept of a $400-million project to bring reforms in the Federal Board of Revenue (FBR).