The World Bank link has approved a loan of $442 million for Pakistan that will be spent on improving the water supply and sewerage system in Punjab link, reported 24NewsHD TV channel on Saturday. The World Bank link will complete water supply and sewerage projects in more than 16 districts of ...

ISLAMABAD – Federal Finance Minister Shaukat Tarin Thursday unveiled the Economic Survey of Pakistan 2020-21. Tarin, while speaking at the pre-budget 2021-22 press conference, said Pakistan will end this fiscal year with a surprise growth figure of 3.9 percent, beating several earlier ...

ISLAMABAD - Prime Minister (PM) Imran Khan has termed that improving the environment is essential for future generations. The prime minister said while addressing a special event on Green Financing Innovations in the country, organized by Ministry of Climate Change in connection with World ...

Pakistan can foster a more innovative, competitive and entrepreneurial economy and reinvigorate growth by addressing critical constraints that are limiting private sector investment, according to a new report from the International Finance Corporation (IFC) and the World Bank. The report, the ...

Pakistan incurred a foreign debt of $10.195 billion from multiple financing sources during July-April of 2020-21, including $3.246 billion from foreign commercial banks (32 percent) against the total budgeted external loans of $12.233 billion for the entire fiscal year 2020-21. The Economic ...

The Asian Development Bank (ADB) and World Bank (WB) in a joint study titled “Climate Risk Country Profile” for Pakistan have estimated that Pakistan is facing up to $3.8 billion in annual economic loss due to climate change as temperatures are likely to witness an increase of up to 2.5 degrees ...

LAHORE – As the global remittance flows tumble amid the coronavirus pandemic, remittance flow in South Asian countries increased and Pakistan is no exception, said a World Bank report. According to the latest Migration and Development Brief published by the World Bank, the growth in the home ...

ISLAMABAD - The World Bank’s Board of Executive Directors Friday approved the restructuring of the Pandemic Response Effectiveness in Pakistan (PREP) project, originally approved in April 2020, to redeploy $153 million to support the ongoing national vaccine drive in Pakistan. These funds, ...

PESHAWAR – The World Bank has approved a $400 million IDA soft loan to support Pakistan in accelerating investments in education and health sectors in the Khyber Pakhtunkhwa (KP) province. The loan will help staff and budget issues in the education and health sectors. SPEED, Spending ...

The International Monetary Fund (IMF) has warned that Pakistan’s growth rate will remain at 1.5 per cent this year, while inflation and unemployment will rise. In its latest report on the Pakistani economy, the IMF said the prospects for recovery were slim this fiscal year. According to the ...