Project AgreementProject Agreement • December 14th, 2004
WHEREAS (A) by the Development Credit Agreement of even date herewith between the Islamic Republic of Pakistan (the Borrower) and the Association, the Association has agreed to make available to the Borrower an amount in various currencies equivalent to one million two hundred thousand Special Drawing Rights (SDR 1,200,000), on the terms and conditions set forth in the Development Credit Agreement, but only on condition that SBP and Punjab agree to undertake such obligations toward the Association as are set forth in this Agreement;