Browsing Tag

#Worldbank

World Bank approves $213m loan for rehabilitation flood-hit people in Balochistan

Desk Editor May 26, 2023

WASHINGTON/Islamabad_The World Bank has approved a loan of $213 million for the rehabilitation of the flood-hit people in Balochistan, According to the World Bank, financial aid will be provided to the flood-hit people for rebuilding…

PAK NEEDS MASSIVE INVESTMENT IN HUMAN CAPITAL: WB REPORT

Desk Editor May 2, 2023

ISLAMABAD: The bank has released a report on Pakistan’s human capital and advised hectic efforts and increasing considerable investment in the human development. The WB report has highlighted the need of increasing investment in…

Pakistan

World Bank praised BISP as successful model implemented by countries

DTD Feb 4, 2023

Washington: (Staff Reporter) World Bank has praised Benazir Income Support Program as a successful model saying it could be implemented by other countries in the region and beyond. According to the source, during a meeting with Minister…

Pakistan

WB’s Director refuted media reports that Bank decided to delay approval of ITS operations in…

DTD Jan 19, 2023

Islamabad: (Staff Reporter) World Bank (WB) Country Director for Pakistan Najy Benhassine refuted media reports that the Bank had decided to delay approval of ITS potential operations in Pakistan. According to tweet, he said, “The tentative…

Pakistan

India’s economic growth will slow 6.6% in next fiscal year from expected 6.9% current year: World…

DTD Jan 11, 2023

Mumbai: (Web Desk) India’s economic growth will slow to 6.6 per cent in the next fiscal year from an expected 6.9% in the current year, the World Bank said in its latest economic update. “The slowdown in the global economy and rising…

World

WB to provide Pakistan flood survivors with subsidised urea,

Desk Editor Nov 16, 2022

Islamabd_Regional Director World Bank for Sustainable Development John A Roome Wednesday said that the bank will provide financial support to flood-affected farmers of Pakistan by providing them subsidized urea. The regional director met…

World

WB to give $500m loan to Pakistan for two projects in Punjab, KP

Desk Editor Nov 3, 2022

Islamabad_The World Bank will provide 500 million dollars to Pakistan as the Ministry of Economic Affairs has signed two projects with it. The World Bank will give 200 million dollars for investment in a project in Punjab province. While…

World

Pakistan’s Economy Slows Down While Inflation Rises Amid Catastrophic Floods,World Bank

Desk Editor Oct 7, 2022

ISLAMABAD;(Staff Reporter)_ Pakistan’s economy is expected to grow by only 2 percent in the current fiscal year ending June 2023. According to the World Bank’s October 2022 Pakistan Development Update: Inflation and the Poor, the slower…

Pakistan

US envoy urges Pakistan to comply with IMF terms

DTD Sep 29, 2022

Lahore: (Staff Reporter) The United States Ambassador to Pakistan Donald Armin Blome expressed hope in Pakistan complying with the conditions signed with the different financial agencies like the International Monitory Fund (IMF) and World…