Urgent need for economic diplomacy activism ‘It is therefore in advanced economies’ interest to help poorer countries reduce the mounting risk of little... Published 20 May, 2022 05:42am
Pakistan AEDB director policy says well-designed auctions provide level playing field for local and international investors ISLAMABAD: Rene-wables First organised a webinar that featured local and international renewable energy experts... Published 20 May, 2022 05:15am
Pakistan CDWP approves three uplift projects worth Rs12.6bn ISLAMABAD: The Central Development Working Party (CDWP) approved three development projects at the cost of Rs12.6... Published 19 May, 2022 05:29am
Print World Bank to provide additional $12bn to address global food crisis WASHINGTON: The World Bank on Wednesday announced an additional $12 billion in funding for projects to address the... Updated 19 May, 2022 09:41am
Business & Finance SBP, IFC join hands to promote agri finance through EWRF KARACHI: Deputy Governor State Bank of Pakistan (SBP) Sima Kamil while addressing a two-day specialised training... Published 19 May, 2022 05:29am
World World Bank to provide additional $12bn to address global food crisis WASHINGTON: The World Bank on Wednesday announced an additional $12 billion in funding for projects to address the... Published 18 May, 2022 07:29pm
Pakistan Minister briefed about WB-funded programmes ISLAMABAD: Minister of State on Finance and Revenue Dr Aisha Ghous Pasha held a meeting with Country Director World... Published 18 May, 2022 05:54am
Markets Ethiopia, World Bank sign $300mn grant agreement for reconstruction NAIROBI: Ethiopia and the World Bank have signed an agreement for a $300 million grant to help with reconstruction... Published 17 May, 2022 10:55am
World Lebanon holds first parliament election since financial collapse, blast BEIRUT: Lebanese voted on Sunday in the first parliamentary election since the country’s economic collapse, with... Published 16 May, 2022 05:42am
Opinion An economic doomsday? Economy is the most important aspect of a modern state’s life. Pakistan faces an unprecedented and deep economic... Published 13 May, 2022 05:59am
Print World Bank projects slowdown in remittances ISLAMABAD: The World Bank has projected a slowdown in remittances to Pakistan and estimated it to grow at eight... Updated 13 May, 2022 10:14am
Print 1HFY22: $8.48bn commitment agreements inked Economic Affairs Division releases quarterly report on foreign economic assistance for July–December 2021 Updated 13 May, 2022 09:25am
Markets Sri Lanka shares end higher on boost from industrial sector Sri Lanka shares rose more than 3% on Thursday as the industrial and financial sectors rallied, with the country’s... Published 12 May, 2022 06:24pm
Business & Finance Pakistan, World Bank agree to accelerate pace of reforms Both sides consider fiscal and macroeconomic reforms important to achieve higher economic growth Updated 11 May, 2022 07:16pm
World Soaring food, fuel ramp up social unrest risk for emerging markets: report LONDON: Rising fuel and food prices look set to stoke an “inevitable” rise in civil unrest, with developing... Published 11 May, 2022 11:40am
Opinion Living beyond means Pakistan’s external debt averaged USD 65.223 billion from 2002 until 2021, reaching an all-time high of USD ... Updated 11 May, 2022 10:26pm
Business & Finance Promoting SHS market in Pakistan: WB for addressing barriers limiting mobile wallet uptake ISLAMABAD: To leverage mobile wallets for growing the solar home systems (SHS) market in Pakistan, regulators,... Published 11 May, 2022 04:58am
Print PM’s electricity relief package: Govt’s nod sought to discontinue Rs5 subsidy ISLAMABAD: Power Division has sought Federal Government’s nod to do away with PM’s relief package on electricity of... Updated 11 May, 2022 09:56am
Print World Bank briefed about challenges facing Pakistan Minster for Finance and Revenue Miftah Ismail holds meeting with Hartwig Schafer, Vice President South Asia Region (SAR), World Bank Updated 11 May, 2022 10:06am
Business & Finance World Bank assures govt of support on implementation of future projects ISLAMABAD: The World Bank Regional Vice President for South Asia, Hartwig Schafer on Monday held a meeting with... Published 10 May, 2022 05:51am
World ‘Precarious’ Palestinian economy needs more aid: World Bank RAMALLAH: The World Bank on Monday urged donors to boost support for the Palestinian Authority, which it said was... Published 09 May, 2022 06:08pm
World World Bank approves $150mn food security loan for Lebanon BEIRUT: The World Bank on Monday approved a $150 million loan to help Lebanon fund wheat imports and keep bread... Published 09 May, 2022 05:50pm
Opinion Time is running out Pakistan is entering a near impossible situation. The country has probably never seen such weak political and... Updated 09 May, 2022 07:44pm
Opinion Nepra needs to work harder The World Bank is said to have held the previous government and National Electric Power Regulatory Authority (Nepra)... Published 09 May, 2022 05:39am
Print Floating solar project: World Bank invites Pakistan to hold talks on $341.5m loan ISLAMABAD: The World Bank (WB) has invited Pakistani authorities for negotiation of $341.5 million loan to set up... Updated 07 May, 2022 10:04am
Print Addition of over Rs500bn to power circular debt: WB holds previous govt, Nepra responsible According to World Bank, power sector has long been a drag on the economy, providing unreliable service and contributing to large fiscal deficits Updated 06 May, 2022 12:57pm
World Iraq sandstorm sends more than 1,000 to hospital BAGHDAD: More than 1,000 Iraqis were rushed to hospital with respiratory ailments on Thursday due to a sandstorm,... Published 05 May, 2022 01:53pm
Print New power capacity: Competitive bidding yet to be implemented: WB ISLAMABAD: Competitive bidding for new power capacity in Pakistan has yet to be implemented, delaying the expected... Updated 01 May, 2022 09:08am
Opinion The cost of IMF programme Pakistan has been a prolonged user of International Monetary Fund (IMF) resources since the decade starting 1990,... Published 29 Apr, 2022 05:43am
World World faces biggest energy shock since 1970s: World Bank WASHINGTON: Energy prices have surged since the Russian invasion of Ukraine and, along with other commodities, are... Published 26 Apr, 2022 06:11pm