Devolved ministries: Federal govt’s spending soars to 0.6pc of GDP Increases from 0.4 percent of GDP in fiscal year 2009 to 0.6 percent of GDP in the fiscal year 2022 Updated 06 Apr, 2023 08:50am
Print DHP-1: World Bank projects $1.3bn financing gap WB to start preparatory work for potential additional financing to partially address this gap, tentatively before the end of 2024 Updated 05 Apr, 2023 11:32am
Print 0.4pc growth rate foreseen: World Bank warns of a ‘macro-economic crisis’ ISLAMABAD: The World Bank (WB) has warned that a macroeconomic crisis could materialize in Pakistan, given the... Updated 05 Apr, 2023 08:49am
Business & Finance IMF calls for rules on non-bank financial sector to prevent turmoil The non-bank sector now accounts for half of the assets of the entire world financial system and should be more... Published 04 Apr, 2023 06:20pm
Pakistan World Bank cuts Pakistan’s GDP forecast to 0.4% Bleaker forecast assumes an agreement is reached with the International Monetary Fund for bailout funds Updated 04 Apr, 2023 07:26pm
Markets World Bank lowers India current fiscal year growth forecast to 6.3% NEW DELHI: The World Bank on Tuesday lowered its forecast for India’s economic growth in the current fiscal year... Published 04 Apr, 2023 01:10pm
Opinion A possible way forward–II The rightsizing of the two levels of the government then needs be complemented by a move away from the direct... Published 04 Apr, 2023 03:24am
World US welcomes World Bank reforms, pushes for more ambitious changes WASHINGTON: The United States on Monday welcomed plans by the World Bank to boost annual lending by $5 billion to... Published 04 Apr, 2023 12:09am
World German economy minister in surprise visit to Kyiv FRANKFURT: German Economy and Energy Minister Robert Habeck made a surprise visit to Kyiv on Monday to discuss... Published 03 Apr, 2023 01:10pm
Print Pakistan not running out of water: report LAHORE: Contrary to popular perception, Pakistan is not running out of water, not just yet as the available... Updated 02 Apr, 2023 10:26am
Opinion Overcoming barriers to female labour force participation–II Social and gender norms Social beliefs majorly hinder women’s engagement in paid employment in Pakistan. Women are... Published 02 Apr, 2023 03:02am
Opinion Overcoming barriers to female labour force participation–I According to the Global Gender Gap Report 2021, Pakistan ranked 153rd out of 156 countries on the gender parity ... Updated 01 Apr, 2023 07:09am
Business & Finance Public debt increases to Rs52.721trn by Dec 2022 ISLAMABAD: Pakistan’s public debt has increased to Rs 52.721 trillion by December 2022 from Rs 49.194 trillion end... Published 01 Apr, 2023 06:21am
Print Rating downgrades may have added to IMF’s concerns: Pasha ISLAMABAD: For successful completion of the 9th review under the International Monetary Fund’s Extended Fund... Updated 01 Apr, 2023 08:48am
Pakistan Various programmes to counter emergencies: No policy or framework developed to support ‘ASP’: World Bank ISLAMABAD: The federal and provincial governments in Pakistan have designed and launched various programs in ... Updated 31 Mar, 2023 07:28am
Business & Finance US candidate Banga the sole nominee to lead World Bank WASHINGTON: Ajay Banga, the American pick to lead the World Bank, was the only candidate nominated for the position,... Published 31 Mar, 2023 06:45am
Print Airports’ outsourcing: ECC approves draft TASA for hiring IFC as TA ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the draft Transaction Advisory... Updated 31 Mar, 2023 08:55am
World World Bank to boost financing capacity of IBRD lending arm by up to $50bn: Malpass WASHINGTON: The World Bank expects to boost the financing capacity of its middle-income lending arm by up to $50... Published 30 Mar, 2023 09:46pm
Print Three airports: ECC all set to reconsider engaging IFC as transaction adviser ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is all set to reconsider Aviation Division’s... Updated 30 Mar, 2023 08:28am
World China spent $240 billion bailing out ‘Belt & Road’ countries, study shows JOHANNESBURG: China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount... Published 28 Mar, 2023 12:11pm
Business & Finance 2000-21 period: World Bank says Pakistan’s 3.1pc growth rate among lowest in S Asia ISLAMABAD: In Pakistan investment has been subject to pronounced boom-bust cycles over the past two decades, with... Published 28 Mar, 2023 06:21am
Business & Finance World Bank warns of ‘lost decade’ of growth on China-led slowdown WASHINGTON: An anticipated economic slow-down in China is likely to drag global growth down to its lowest level this... Published 28 Mar, 2023 06:21am
World World Bank warns of ‘lost decade’ in global growth without bold policy shifts WASHINGTON: Average potential global economic growth will slump to a three-decade low of 2.2% per year through 2030,... Published 27 Mar, 2023 08:12pm
Print Militancy crisis: WB to mull over $50m project for Fata, KP families’ succor ISLAMABAD: The World Bank will consider the “Khyber Pakhtunkhwa (KP)/Fata Citizen Centered Service Delivery... Updated 26 Mar, 2023 10:25am
Print Policy efforts, 9th review’s success: Timely external aid will be critical: IMF ISLAMABAD: Timely financial assistance from external partners will be critical to support the Pakistani authorities’... Updated 25 Mar, 2023 06:05pm
Opinion Neoliberalism, austerity, and climate change crisis ‘Scientists have delivered a “final warning” on the climate crisis, as rising greenhouse gas emissions push ... Published 24 Mar, 2023 05:55am
World Ukraine’s recovery and reconstruction needs seen reaching $411bn: World Bank WASHINGTON: Rebuilding Ukraine’s economy after Russia’s invasion more than a year ago is now expected to cost $411... Published 22 Mar, 2023 05:08pm
World Sri Lanka to start next round of talks with creditors in April COLOMBO: Sri Lanka will kick off the next round of talks with creditors in the third week of April, President Ranil... Published 22 Mar, 2023 12:57pm
Markets World Bank’s IFC to invest about $73mn in Mahindra’s last mile mobility unit BENGALURU: Indian automaker Mahindra and Mahindra Ltd said on Wednesday that World Bank’s private investment arm,... Published 22 Mar, 2023 12:33pm
Markets Debt-stricken Sri Lanka to receive first tranche of IMF bailout funds in two days COLOMBO: Sri Lanka will get the first $330 million tranche of the International Monetary Fund’s bailout in the next... Updated 21 Mar, 2023 12:18pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn