Biden nominates former MasterCard chief Banga to head World Bank WASHINGTON: U.S. President Joe Biden on Thursday nominated Indian-American business executive Ajay Banga to become... Published 23 Feb, 2023 09:28pm
Pakistan ADB approves emergency flood assistance project ISLAMABAD: Asian Development Bank (ADB) has approved the emergency flood assistance project - additional financing... Published 22 Feb, 2023 03:30am
Print WB downgrades $200m locust emergency project ISLAMABAD: The World Bank has downgraded the $200 million locust emergency and food security project for Pakistan to... Updated 22 Feb, 2023 09:11am
Print $32.3m IDA credit for T4HP given extension by World Bank ISLAMABAD: The World Bank (WB) has extended IDA credit meant to finance Tarbela 4 Hydropower Project (T4HP) till... Updated 21 Feb, 2023 08:58am
Print CASA-1000: WB, USAID withdraw funding ISLAMABAD: The Central Asia-South Asia-1000 (CASA-1000) is reportedly facing a delay of two years as the World Bank... Updated 20 Feb, 2023 08:51am
Perspectives Overseas Pakistanis: there is a lot to learn from India, China's networking model One evening at dinner, an executive of Pakistani origin, part of a supranational organisation (one of the IMF, World... Published 17 Feb, 2023 02:58pm
Opinion Debt relief for developing countries When the Covid pandemic was declared by the World Health Organization (WHO) back in early 2020, a number of... Published 17 Feb, 2023 06:00am
Markets Sindh Solar Project: Minister says panels to be installed in all districts with WB’s support KARACHI: Sindh Energy Minister Imtiaz Ahmed Shaikh on Thursday said that the provincial government had decided to... Published 17 Feb, 2023 06:00am
Markets Debt in focus as G20 finance chiefs meet in India NEW DELHI: G20 finance and central bank chiefs meet in India next week at the first-year anniversary of Russia’s... Published 16 Feb, 2023 11:06am
Markets World Bank chief David Malpass to step down early WASHINGTON: World Bank chief David Malpass announced Wednesday he would step down nearly a year early, ending a... Published 16 Feb, 2023 09:48am
Print ‘Viable’ energy sector: PD fails to prepare plan ISLAMABAD: Power Division has reportedly failed to prepare a plan for a “viable” energy sector by steering the... Updated 14 Feb, 2023 08:58am
Life & Style Promotion of tourism, heritage: Rs4bn projects launched by WCLA in 2022 LAHORE: To promote tourism and heritage in Punjab, the Walled City of Lahore Authority (WCLA) launched several... Published 12 Feb, 2023 03:56am
Business & Finance Reforms aimed at enhancing productivity can help economy grow sustainably, says World Bank ISLAMABAD: Pakistan’s economy can grow sustainably only if the country introduces productivity-enhancing reforms... Published 11 Feb, 2023 07:41am
Print PM not satisfied with NEECA’s performance ISLAMABAD: Expressing disappointment at the performance of National Energy Efficiency and Conservation Authority... Updated 11 Feb, 2023 08:58am
World World Bank approves $50mn grant for Ukraine transport repairs WASHINGTON: The World Bank said Friday that it has approved an initial $50 million grant to help restore Ukraine’s... Published 10 Feb, 2023 08:18pm
Business & Finance Pakistan needs productivity-enhancing reforms: World Bank Report says that by closing female employment gap relative to its peers, Pakistan can accrue GDP gains of up to 23% Updated 10 Feb, 2023 11:03pm
World Children found alive as Turkiye-Syria quake toll tops 22,000 KAHRAMANMARAS: Rescuers pulled children alive Friday from the rubble of the Turkiye-Syria earthquake as the toll... Updated 10 Feb, 2023 05:42pm
World India says debt talks in focus at G20 finance meet NEW DELHI: India wants to see international cooperation on debt relief at the forefront of discussions at a meeting... Published 09 Feb, 2023 01:29pm
World Taliban administration to send earthquake aid to Turkiye, Syria KABUL: Afghanistan’s Taliban administration will send around $165,000 in aid to Turkiye and Syria to help the... Published 08 Feb, 2023 12:08pm
Print Power sector: Govt has Achilles heel somewhere, IMF finds it Finance Ministry and Power Division hold threadbare discussions with IMF Updated 07 Feb, 2023 08:44am
Pakistan Marri meets official in US: WB to augment aid to foster social protection strategies ISLAMABAD: Federal Minister for Poverty Alleviation and Social Security, Shazia Marri held a meeting with Michal... Published 05 Feb, 2023 03:10am
Opinion IMF and the ideal of accountability The international lending agencies are often under criticism that they dole out loans to developing countries while... Published 05 Feb, 2023 03:10am
Markets Energy sector played major role in sinking economy: PBIF chief KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and... Published 04 Feb, 2023 06:08am
Markets Lowest price offer in Egypt’s tender made for Russian wheat HAMBURG: The lowest price offered in the international tender from Egypt’s state commodities buyer GASC to ... Published 03 Feb, 2023 06:17am
Opinion Redefining Pakistan’s economy This article is an effort on not only understanding the fundamental economic issues but also some tough but ... Published 01 Feb, 2023 05:58am
Print IMF revises Pakistan’s GDP growth projections downward Brings it down to 2% for 2023 in World Economic Outlook Update Updated 01 Feb, 2023 01:26pm
Markets World Bank approves $600mn loan to support Philippines’ recovery, financial sector MANILA: The World Bank said on Tuesday it has approved a $600 million loan to support the Philippines’ economic... Published 31 Jan, 2023 12:52pm
Markets Bangladesh secures $4.7bn from IMF as other South Asian countries see delays The International Monetary Fund (IMF) has approved loans of $4.7 billion to Bangladesh for disbursal starting... Published 31 Jan, 2023 11:59am
Business & Finance Telecom, data infrastructure: World Bank advocates regulatory reforms, investments to improve climate resilience ISLAMABAD: Regulatory reforms and investments are needed to improve the climate resilience of telecom and data... Published 26 Jan, 2023 05:58am
Business & Finance Crop insurance needed to protect farmers from losses: Alvi ISLAMABAD: President Dr Arif Alvi said that agriculture which used to be 50 percent of GDP had lost its value and... Updated 26 Jan, 2023 11:18am