Donors and partners vow to continue supporting FBR ISLAMABAD: The international donors and development partners Thursday agreed to continue full support to the Federal... Published 07 Oct, 2022 05:59am
Business & Finance Market-determined exchange rate pushes up cost of external debt: World Bank ISLAMABAD: Pakistan has a market-determined exchange rate, which makes the country’s servicing cost on external... Published 07 Oct, 2022 05:59am
Business & Finance Revamp of World Bank, lenders needed to tackle global problems: Yellen WASHINGTON: The World Bank and development lenders need to evolve to tackle the complex challenges that the world is... Published 07 Oct, 2022 05:59am
Business & Finance IMF should issue new reserves to help countries tackle overlapping crises WASHINGTON: The International Monetary Fund should issue $650 billion in new emergency reserves to help its member... Updated 06 Oct, 2022 06:52pm
World World Bank cuts India’s growth forecast to 6.5% as region takes a hit NEW DELHI: The World Bank trimmed India’s growth forecast for this financial year by a full percentage point on... Updated 06 Oct, 2022 07:16pm
Pakistan Rains in Sindh: LG secy says uplift work in full swing with World Bank support KARACHI: Secretary Local Government Engineer Syed Najam Ahmad Shah said that the department under the supervision of... Published 06 Oct, 2022 05:59am
World Goal of ending extreme poverty by 2030 out of reach: World Bank WASHINGTON: Covid-19 has dealt the “biggest setback” to global poverty reduction efforts in decades, and the World... Published 05 Oct, 2022 06:48pm
Print World Bank extends CASA-1000 closing date ISLAMABAD: The World Bank (WB) has extended closing date of $0.6 million Grant Agreement of Central Asia- South... Updated 05 Oct, 2022 09:56am
Business & Finance Improvement in quality of DC fans to open up export opportunities, says World Bank ISLAMABAD: Improvement in the quality of Pakistani DC fans will increase the international competitiveness of local... Published 04 Oct, 2022 05:55am
Editorials Global recession? EDITORIAL: It’s not surprising that the World Trade Organisation (WTO) has also started worrying and warning about... Published 03 Oct, 2022 05:52am
Print World Bank may allow 22-month extension of NTMP-1 closing date ISLAMABAD: World Bank (WB) is likely to allow 22 months extension on the closing date of the $425 million National... Updated 02 Oct, 2022 10:25am
Markets World Bank to give Ukraine $530mn in additional aid The World Bank has said it will provide an additional $530 million in support to Ukraine, bringing the total aid by... Published 01 Oct, 2022 10:48am
Pakistan ‘Climate change calamity’: ‘Give Pakistan debt relief,’ PDP urges IMF, WB, others KARACHI: Pasban Democratic Party (PDP) Chairman, Altaf Shakoor has said that the climate change-generated calamity... Published 01 Oct, 2022 04:20am
Pakistan Housing for flood-hit people: Sindh, World Bank agree on Rs110bn project KARACHI: Sindh government with the assistance of the World Bank has decided to launch a Rs 110 billion housing... Published 01 Oct, 2022 04:20am
World IMF says Ukraine war prompts worst global food crisis since at least 2008 WASHINGTON: The Ukraine war's disruptions to grain and fertilizer flows have prompted the worst food security crisis... Published 30 Sep, 2022 11:47pm
Markets World Bank approves $512.2mn financing for Turkey housing and infrastructure ISTANBUL: The World Bank approved $512.2 million in financing for Turkey to expand access to housing and... Published 28 Sep, 2022 01:17pm
Print Locust emergency, food security: World Bank may further downgrade $200m project ISLAMABAD: The World Bank is likely to further downgrade the $200 million locust emergency and food security project... Updated 28 Sep, 2022 10:05am
Markets World Bank forecasts Thai GDP growth at 3.1% this year BANGKOK: Thailand’s economy is expected to grow 3.1% this year, higher than a forecast in June of 2.9%, supported by... Published 27 Sep, 2022 11:51am
Print Nadra to build data exchange layer for govt agencies ISLAMABAD: The National Database and Registration Authority (Nadra) will build a data exchange layer for government... Updated 27 Sep, 2022 12:02pm
Print Flood havoc: World Bank says envisaging $2bn financing Funding to help with emergency operations to quickly start the reconstruction and rehabilitation to rebuild or repair infrastructure, housing and restore livelihoods Updated 25 Sep, 2022 10:13am
Pakistan WB, Punjab govt agree to expand cooperation in various fields LAHORE: A World Bank delegation led by its Country Director Najy Benhassine met with Punjab Chief Minister Chaudhry... Published 24 Sep, 2022 03:49am
Print Apparently on PM’s debt relief plea: Pakistan’s dollar bonds plunge KARACHI: Pakistan’s dollar bond maturing in 2022 fell by 12 percent on Friday whereas dollar bond maturing in 2024... Updated 24 Sep, 2022 10:12am
Print T5HP: WB agrees to amend IBRD, AIIB loan agreements ISLAMABAD: The World Bank (WB) has agreed to amend both IBRD and AIIB loan agreements to facilitate payment of all... Updated 24 Sep, 2022 10:14am
Print World Bank confirms fears of growing food insecurity Says flooding in Pakistan has exacerbated previously high levels of food insecurity Updated 23 Sep, 2022 09:57am
Print Flood damage reassessed at $30bn ISLAMABAD: The Ministry of Planning, Development and Special Initiatives Secretary Syed Zafar Ali Shah Thursday said... Updated 23 Sep, 2022 09:54am
World US criticises China’s ‘unconventional’ debt practices WASHINGTON: A top adviser to US Treasury Secretary Janet Yellen will warn on Tuesday that China’s foot-dragging on... Published 21 Sep, 2022 05:57am
Business & Finance Flood response: World Bank’s $230m ‘CLICK’ project rated ‘moderately’ unsatisfactory ISLAMABAD: The World Bank project “Competitive and Livable City of Karachi (CLICK)” of worth $230 million is... Updated 21 Sep, 2022 10:45am
Print PM has a plateful of issues to discuss on UNGA sidelines ISLAMABAD: Prime Minister Shehbaz Sharif is scheduled to hold important meetings with world leaders and heads of... Updated 20 Sep, 2022 09:47am
Editorials Most budget figures no longer valid EDITORIAL: Senior officials of the Ministry of Economic Affairs while briefing a National Assembly Standing ... Published 20 Sep, 2022 05:51am
Print Minister briefed about WB’s RISE-II, PACE-II programmes ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail held a meeting with Najy Benhassine, Country... Updated 19 Sep, 2022 09:37am
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