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Business Published 05 Mar, 2022 10:55am

WB urges Pakistan to set up authority for monitoring inland waterways transportation

Rreport observes transportation of goods and people via inland waterways has lost its position in Pakistan during the last decades

World Published 02 Mar, 2022 01:55pm

World Bank announces more than $1bn in aid for Afghanistan

WASHINGTON: The World Bank on Tuesday announced more than $1 billion in humanitarian aid for Afghanistan, stating ...

Business Updated 26 Feb, 2022 12:57pm

World Bank considering options to complete CASA 1000 project

JWG suggests a meeting should be convened to seek clarity on the project’s future

Business Published 19 Feb, 2022 02:16pm

World Bank proposal would shift about $1b from Afghan trust

By Andrea Shalal, Jonathan Landay and Arshad Mohammed WASHINGTON:The World Bank's management has approved a plan to...

World Published 19 Feb, 2022 12:59am

WB chief concerned that G20 finance ministers not taking steps to deal with debt overhang

World Bank Group President says that he does not believe G20 finance ministers are taking adequate steps

Business Published 17 Feb, 2022 10:45am

Cancellation of loans, their reinvestment discussed with WB

This was revealed in a letter written by World Bank Country Director Najy Benhassine to Minister for Economic Affairs Omar Ayub Khan

Business Published 10 Feb, 2022 10:57am

54 projects being implemented through World Bank funding

Federal minister directs EAD officials to set up a project management unit for effective monitoring of development schemes

Business Published 09 Feb, 2022 09:12pm

World Bank sets terms on Pakistan for $350m loan

The conditions include bringing the entire country under one General Sales Tax (GST) regime

Business Published 07 Feb, 2022 11:02am

WB highlights ‘deficiencies’ in EE&C-2022

The proposed draft Energy Efficiency & Conservation 2022 was prepared by National Energy Efficiency & Conservation Authority

Business Published 21 Jan, 2022 01:56pm

PM Imran felicitates govt for achieving 5.3% growth rate

A committee approved revised figure of GDP for 2020-21 which was estimated at 3.9% previously

Must Read Published 20 Jan, 2022 01:02pm

World Bank chief takes swipe at Microsoft's $69bn gaming deal as poor countries struggle

WASHINGTON: World Bank President David Malpass on Wednesday criticized Microsoft's $69 billion takeover of gaming...

Business Published 16 Jan, 2022 11:48am

WB to consider house financing project in February

Official documents reveal Pakistan Mortgage Refinance Company is the implanting agency of the project with total cost of $85m

Pakistan Published 12 Jan, 2022 10:23am

World Bank projects Pakistan's GDP growth rate at 4%

Global lender says high inflation in Pakistan led to the removal of monetary accommodation

Pakistan Published 04 Jan, 2022 06:31pm

Utmost care needed to avert climate change, says PM Imran

MoU signed between climate change ministry and the World Bank

Business Published 23 Dec, 2021 07:03pm

Pakistan, WB ink $195mn agreement to improve electricity distribution

Project to invest in climate-resilient infrastructure, particularly grid stations and transmission lines

Pakistan Updated 19 Dec, 2021 05:28pm

WB Board approves $195m for power distribution, energy reforms

Project will also invest in climate-resilient infrastructure, particularly grid stations and transmission lines, which are critical to distribution and utility services

Business Updated 17 Dec, 2021 12:58pm

Govt all set to increase power base tariff

The Federal Government is all set to increase electricity base tariff by up to Paisa 95 per unit under ...

World Published 11 Dec, 2021 10:51am

World Bank says donors approve release of $280m for Afghanistan

UNICEF will receive $100 million to provide essential health services and WFP will receive $180 million

World Published 04 Dec, 2021 11:27am

Donors eye Dec. 10 decision on shifting frozen funds for Afghanistan

WASHINGTON:Donors to the World Bank-administered Afghanistan Reconstruction Trust Fund (ARTF) have agreed to decide...

World Published 03 Dec, 2021 03:57pm

World Bank backs using $280 mln in frozen aid funds for Afghanistan

Afghanistan's 39 million people face a cratering economy, a winter of food shortages and growing poverty

World Updated 02 Dec, 2021 05:03pm

What my 20 years in Afghanistan taught me about the Taliban – and how the west consistently underestimates them

By Arshad Mohammed and Andrea Shalal WASHINGTON: The World Bank's board has ...

World Updated 30 Nov, 2021 12:35pm

World Bank works to redirect frozen funds to Afghanistan for humanitarian aid only

By Jonathan Landay and Andrea Shalal WASHINGTON:The World Bank is finalizing a proposal to deliver up to $500...

World Published 09 Nov, 2021 12:43pm

World Bank chief says Afghanistan aid resumption unlikely

World Bank President David Malpass indicated on Monday that the institution is unlikely to resume direct aid to...

Must Read Published 03 Nov, 2021 10:03am

Govt ‘unveils’ plan to further hike power tariff

By Mushtaq Ghumman ISLAMABAD: The Federal Government on Tuesday “unveiled” its plan to increase electricity...

World Published 11 Oct, 2021 07:18pm

World Bank chief calls for 'comprehensive' debt relief for poor countries

World Bank data released showed the deterioration in debt indicators was widespread and impacted countries in all regions.

Business Published 28 Sep, 2021 12:28pm

World Bank says Delta variant slowing economic growth in East Asia and Pacific

By Kanishka Singh The East Asia and Pacific region's recovery has been undermined by the spread of the COVID-19...

Business Published 03 Aug, 2021 12:53pm

India's female labour participation rate falls to 16.1% as pandemic hits jobs

By Manoj Kumar Female labour participation rate in India fell to 16.1% during the July-September 2020 quarter, the...