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World Bank

Yellen urges major economies to deploy ‘significant’ new spending

WASHINGTON: US Treasury Secretary Janet Yellen on Thursday urged major economies to deploy “significant” new...

Updated 09 Apr, 2021 09:21am

Business & Finance

Sell-off of two RLNG plants likely by Feb-FY22 end, IMF told

ISLAMABAD: The government has assured the International Monetary Fund (IMF) that privatization of two RLNG power...

Updated 09 Apr, 2021 09:19am

Pakistan

Sindh to align its valuation table with FBR for CGT collection from Karachi, Hyderabad, Sukkur

It was pointed out that the FBR has issued valuation tables for three cities including Karachi, Hyderabad, and Sukkur, for Capital Gains Tax collection.

Updated 09 Apr, 2021 12:07am

World

Major economies should inject 'significant' support for global economy: Yellen

She urged the World Bank to support developing countries and ensure they get timely access to COVID-19 vaccines, and said the United States supported accelerated negotiation to replenish the World Bank's International Development Association fund for the poorest countries.

Published 08 Apr, 2021 06:44pm

Editorials

IMF: Misplaced expectations?

EDITORIAL: Prime Minister Imran Khan while remarking on (the United Nations Development Programme’s) UNDP’s...

Published 08 Apr, 2021 04:10am

World

Japan's Aso says G20 clarified, not changed, its stance on FX

"We clarified in written form the G20 nations' thinking on currency rates. It's a clarification, not a change, in our stance," Aso told reporters on Wednesday.
Aso was speaking after attending a virtual meeting of leaders from the G20 major economies, held on the sidelines of IMF/World Bank spring meetings.

Published 07 Apr, 2021 08:20pm

Pakistan

Pakistan has potential to push annual exports upto $88.1bn: World Bank

The high levels of protection observed in Pakistan carry a high opportunity cost in terms of export-oriented jobs lost, and a higher productivity path the economy could undertake.

Published 07 Apr, 2021 08:08pm

Business & Finance

WB-IMF spring meetings 2021: Dr Nishtar advocates ‘invisible scaffold’

ISLAMABAD: Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation, Dr Sania Nishtar...

Updated 07 Apr, 2021 09:50am

Business & Finance

Success of SOEs’ divestments: WB for addressing political economy implications first

ISLAMABAD: The World Bank has linked the success of divestments and restructuring of State Owned-Enterprises (SOEs)...

Updated 07 Apr, 2021 09:51am

Pakistan

Govt committed to implement structural reforms, protect vulnerable segments: Hammad

The Vice President, World Bank appreciated the government’s relief initiatives to curtail the impact of COVID-19 pandemic effectively.

Updated 07 Apr, 2021 12:22am

Pakistan

JI for efforts to get country out of IMF ‘grip’

KARACHI: Jamaat-e-Islami (JI) Karachi chief Engr Hafiz Naeemur Rehman on Monday asked the nation to step up efforts...

Published 06 Apr, 2021 04:23am

Opinion

Outlook for inflation

The rate of inflation has risen sharply in the last two months. It had come down to 5.7 percent in January 2021....

Published 06 Apr, 2021 04:23am

Business & Finance

Commercial, investment and development bank: Balochistan to hire consultancy services

ISLAMABAD: The Balochistan government has initiated process to hire consultancy services of a company for setting up...

Published 06 Apr, 2021 04:23am

World

World Bank chief expects G20 to extend debt payment freeze through end-2021

The G20 Debt Service Suspension Initiative had already helped countries defer some $5 billion in payments through the end of 2020, with another $7.3 billion in deferred payments expected through June, Malpass told reporters.

Published 05 Apr, 2021 09:36pm

Business & Finance

WB’s help imperative for sustainable, inclusive growth: Azhar

ISLAMABAD: Najy Benhassine, Country Director of the World Bank Group made a courtesy call on the Federal Minister ...

Published 03 Apr, 2021 03:41am

Opinion

Poorest countries will follow a tricky path back to debt markets

Ghana and Pakistan’s return to international debt markets this week, a year after Covid slammed them shut, has ...

Published 02 Apr, 2021 04:58am

Business & Finance

World Bank revises climate policy but stops short of halting fossil fuel funding

WASHINGTON/BRUSSELS: A revised World Bank policy on climate change commits to making financing decisions in line ...

Published 02 Apr, 2021 04:58am

Pakistan

WB funding for Green Stimulus Initiative to help generate 100,000 jobs

Amin said the project proposals were sought from all the federating units under Green Stimulus package and were received which would be implemented within next six months on ground.

Published 01 Apr, 2021 08:03pm

Pakistan

World Bank okays $120 million for PM’s green stimulus initiative

“The ambitious PAI primarily aims to enhance the country’s protected areas cover from 13 per cent to 15 per cent by 2023 and create 5,000 green jobs across the country,” Aslam elaborated.

Published 01 Apr, 2021 07:33pm

Business & Finance

Digital financial ecosystem: SBP governor steers fourth meeting of stakeholders

KARACHI: The State Bank of Pakistan (SBP) organized the fourth stakeholders’ meeting on the digital financial...

Published 01 Apr, 2021 04:10am

Markets

Poland's economy could grow by 3.3% in 2021: World Bank

World Bank experts expect the economy will grow by 4.2% in 2022.

Published 31 Mar, 2021 11:50am

Pakistan

HEC clarifies misconceptions circulating in social media

ISLAMABAD: Higher Education Commission (HEC) Spokesperson on Tuesday clarifying the misconceptions circulating in...