AGL 5.51 Increased By ▲ 0.11 (2.04%)
ANL 8.49 Decreased By ▼ -0.30 (-3.41%)
AVN 75.73 Decreased By ▼ -0.43 (-0.56%)
BOP 5.21 Increased By ▲ 0.04 (0.77%)
CNERGY 4.42 Decreased By ▼ -0.06 (-1.34%)
EFERT 81.53 Increased By ▲ 0.43 (0.53%)
EPCL 49.54 Increased By ▲ 0.54 (1.1%)
FCCL 12.68 Decreased By ▼ -0.02 (-0.16%)
FFL 5.52 Decreased By ▼ -0.07 (-1.25%)
FLYNG 6.74 Decreased By ▼ -0.24 (-3.44%)
FNEL 4.64 Increased By ▲ 0.01 (0.22%)
GGGL 8.45 Decreased By ▼ -0.14 (-1.63%)
GGL 13.85 Decreased By ▼ -0.21 (-1.49%)
HUMNL 6.03 Increased By ▲ 0.53 (9.64%)
KEL 2.56 Decreased By ▼ -0.04 (-1.54%)
LOTCHEM 27.62 Decreased By ▼ -0.09 (-0.32%)
MLCF 23.75 Increased By ▲ 0.07 (0.3%)
OGDC 71.22 Decreased By ▼ -0.23 (-0.32%)
PAEL 15.16 Decreased By ▼ -0.04 (-0.26%)
PIBTL 4.87 Decreased By ▼ -0.04 (-0.81%)
PRL 15.86 Increased By ▲ 0.06 (0.38%)
SILK 1.09 Increased By ▲ 0.04 (3.81%)
TELE 8.84 Decreased By ▼ -0.15 (-1.67%)
TPL 7.08 Decreased By ▼ -0.08 (-1.12%)
TPLP 19.20 Decreased By ▼ -0.02 (-0.1%)
TREET 20.87 Decreased By ▼ -0.27 (-1.28%)
TRG 136.73 Decreased By ▼ -0.02 (-0.01%)
UNITY 16.54 Decreased By ▼ -0.26 (-1.55%)
WAVES 9.16 Increased By ▲ 0.06 (0.66%)
WTL 1.34 Decreased By ▼ -0.03 (-2.19%)
BR100 4,158 Decreased By -27.7 (-0.66%)
BR30 15,339 Decreased By -127.2 (-0.82%)
KSE100 41,652 Decreased By -167.7 (-0.4%)
KSE30 15,380 Decreased By -68.1 (-0.44%)
Follow us

ISLAMABAD: The World Bank (WB) is to extend $3 billion for infrastructure development in energy sector in addition to funding for Dasu Hydropower Project.

The new and existing portfolio and other power sector related issues came under discussion at a meeting between Minister for Power, Khurram Dastgir Khan and a visiting delegation of the World Bank.

Khurram Dastgir, according to an official statement said that the government has taken tough and difficult decisions in power sector.

Dastgir further stated that the decisions to increase electricity prices were politically difficult but government is committed to ensure sustainability of energy sector, adding that the government is committed to providing relief to common man.

The Minister appreciated that World Bank recognizes the challenges faced by the country and difficult decisions taken in its wake.

World Bank chief asks govt to implement fiscal, energy reforms

The World Bank would provide more than $ 3 billion for infrastructure development in energy sector; and also provide assistance for Dasu hydropower project.

The minister said that climate change has made a devastating impact on Pakistan economy and subsequently on the energy sector.

The World Bank is assisting in energy efficiency and conservation program apart from helping provinces to install solar projects. The delegation was briefed on CASA-1 and Dasu programs.

Insiders claim that the World Bank delegation urged the minister to meet the remaining targets already agreed between the World Bank and the GoP.

Copyright Business Recorder, 2022

Comments

Comments are closed.

Energy sector uplift: World Bank to extend $3bn funding

IATA says Pakistan has blocked $225mn in airline funds from repatriation

Pakistan seeking $4.2bn from Saudi Arabia: reports

Saudi lays on lavish welcome as China's Xi heralds 'new era' in relations

IHC bars FIA from arresting Suleman Shehbaz upon return from UK

Rupee continues to depreciate, settles at 224.37 against US dollar

Roshan Digital Account: monthly inflow lowest since Dec 2020, clocks in at $141mn in Nov

Saif-ur-Rehman appointed Karachi administrator

Another audio, purportedly of Bushra Bibi discussing ‘sale of watches’, surfaces

Will take action if terrorists regroup in Afghanistan: US State Department

Arshad Sharif killing: SC directs JIT to submit progress report every two weeks