Macron says ‘complete consensus’ on reforming global financial bodies PARIS: French President Emmanuel Macron said Friday there was a “complete consensus” at a summit of world leaders in... Published 23 Jun, 2023 07:02pm
World Paris summit: World Bank, IMF take steps to boost crisis financing PARIS: The World Bank will ease financing for countries hit by natural disasters, it said on Thursday, as the... Updated 23 Jun, 2023 12:57pm
Business & Finance World Bank’s reluctance: Kabul seeks ‘trusted’ partner to complete CASA-1000 ISLAMABAD: Afghanistan has sought a trusted partner to complete remaining part of CASA-1000, as the World Bank is... Published 23 Jun, 2023 06:00am
World World Bank unveils debt payment pause for disaster-hit countries PARIS: The World Bank chief announced a raft of measures on Thursday to aid countries hit by natural disasters,... Published 22 Jun, 2023 07:25pm
World IMF, World Bank under pressure to boost climate change financing WASHINGTON: International Monetary Fund (IMF) and World Bank officials are joining dozens of economic leaders for a... Published 22 Jun, 2023 12:33pm
Business & Finance Sales tax on services: KPRA collects Rs26.5bn in 2022 ISLAMABAD: The Khyber-Pakhtunkhwa Revenue Authority (KPRA) has collected over Rs26.5 billion in sales tax on ... Published 22 Jun, 2023 05:45am
World Macron’s Paris summit seeks new life for global finance agenda PARIS: French President Emmanuel Macron hosts a summit on Thursday and Friday to pin down a roadmap for easing the... Published 20 Jun, 2023 12:38pm
Markets World Bank set to approve $700mn for Sri Lanka next week COLOMBO: The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next... Published 19 Jun, 2023 03:37pm
World Paris summit to push for global debt and climate reform PARIS: World leaders will gather in Paris this week with ambitions to reimagine global financing for a new era... Published 19 Jun, 2023 11:19am
Business & Finance Sharjeel, World Bank team review Yellow Line BRT project KARACHI: The World Bank delegation met with the Minister for Information, Transport, and Mass Transit, Sharjeel Inam... Published 17 Jun, 2023 06:13am
Opinion Budget 2023-24: Impediments to a viable economy The provisional data issued by the National Accounts Committee portray a bleak picture of the economy where real GDP... Published 16 Jun, 2023 06:27am
Markets AIIB not multilateral, ‘serves China’s interests’ TOKYO: The Asian Infrastructure Investment Bank “serves China’s interest” and Beijing wields “undue” influence over... Published 15 Jun, 2023 11:24am
Pakistan Strengthening state capacities in newly-merged areas of KP: Basic services, rural infrastructure: World Bank board approves $200m ISLAMABAD: The World Bank’s Board of Executive Directors has approved $200 million in financing to strengthen ... Published 15 Jun, 2023 06:03am
Markets World Bank approves $200mn for newly-merged areas of KPK The latest funding is part of programme agreed with the government to respond to last year's floods Updated 14 Jun, 2023 07:54pm
Opinion This is a time of deep introspection Pakistan is spiraling into abject poverty and is slipping further into the abyss. The World Bank (WB) reports that... Published 14 Jun, 2023 06:21am
Print ‘World Bank needs new playbook to boost private investment in emerging markets’ WASHINGTON: The World Bank must use “informed risk-taking” to encourage private investors to get more engaged in... Updated 12 Jun, 2023 08:40am
Opinion Climate change, debt, and inflation “If you’ve been feeling confused and as though everything is impacting on you all at the same time, this is not ... Updated 09 Jun, 2023 07:10am
Markets Japanese rubber futures higher SINGAPORE: Japanese rubber futures bounced back on Wednesday, closing at its highest in almost three months as... Published 08 Jun, 2023 06:30am
Business & Finance OECD sees limited growth pick-up as rate hikes weigh PARIS: Global economic growth will pick up only moderately over the next year as the full effects of central bank... Published 08 Jun, 2023 06:30am
Print World Bank revises Pakistan’s GDP growth downward to 0.4pc Projects GDP growth rate at 2pc for next fiscal year of 2023-24 Updated 07 Jun, 2023 10:30am
Business & Finance World Bank cuts 2024 global growth forecast as rate hikes bite but lifts 2023 outlook WASHINGTON: The World Bank on Tuesday raised its 2023 global growth outlook as the US, China and other major... Published 07 Jun, 2023 06:05am
World World Bank cuts 2024 global growth forecast as rate hikes bite but lifts 2023 outlook WASHINGTON: The World Bank on Tuesday raised its 2023 global growth outlook as the U.S., China and other major... Published 06 Jun, 2023 08:14pm
World World Bank lifts Russia growth forecast on resilient energy exports WASHINGTON: The World Bank has significantly improved its outlook for the Russian economy this year due to... Published 06 Jun, 2023 06:49pm
Business & Finance Payment system, RSF for lending to SMEs: WB’s $137m FIIP experiences delays ISLAMABAD: The World Bank’s Pakistan Financial Inclusion and Infrastructure Project (FIIP) worth $137 million has... Published 06 Jun, 2023 05:33am
Markets Yellen urges new World Bank chief to ‘get the most’ from balance sheet WASHINGTON: US Treasury Secretary Janet Yellen on Thursday told incoming World Bank Group President Ajay Banga to... Published 02 Jun, 2023 09:26am
Pakistan Work on WB-funded projectsin Punjab in progress LAHORE: To provide basic amenities of life, the World Bank-funded development projects worth Rs 23 billion are... Published 31 May, 2023 03:57am
Business & Finance WB terms one component of KWSSIP ‘high risk’ ISLAMABAD: The World Bank has rated the $100 million worth of the Karachi Water and Sewerage Services Improvement... Updated 29 May, 2023 08:54am
Print PBS statement full of mistakes: economist ISLAMABAD: Realistic projections for the current year indicate that GDP growth will be negative 4 percent against... Updated 29 May, 2023 08:55am
Markets Iraq warned to end oil addiction to avoid ‘intensive care’ BAGHDAD: Oil-dependent Iraq has been warned its economy risks going into “intensive care” unless it diversifies in... Published 28 May, 2023 10:24am
Print Online billing solution: ECC approves Rs263.988m more funds for CGA office ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved additional funds of Rs263.988... Updated 28 May, 2023 09:58am