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
World G7 officials exit World Bank meeting as Russian official begins to speak WASHINGTON: G7 officials and others walked out of a meeting of the Development Committee that advises the governors... Published 22 Apr, 2022 08:45pm
World Sri Lanka finance minister says India, World Bank consider further $2bn credit line COLOMBO: Sri Lanka’s finance minister said on Friday India and the World Bank are considering extending about $2... Updated 29 Apr, 2022 05:35pm
Technology 5G networks: World Bank for cautious implementation of new IoT regulation ISLAMABAD: The World Bank has recommended Pakistan’s policymakers to carefully balance implementing new specific... Updated 22 Apr, 2022 08:19pm
Opinion How to solve the debt crisis A previous article (Real clear economics, BR, 24 Mar 2022) pointed out that governments of Pakistan have borrowed ... Updated 22 Apr, 2022 06:20pm
World IMF steering committee skips communique after Russia blocks war language Russia’s refusal to agree to strong language condemning its war in Ukraine prevented the steering committee of the... Published 21 Apr, 2022 09:39pm
Opinion Pakistan: economic focus The international financial institution — World Bank (WB) — which is an influential source of funding as well as... Published 21 Apr, 2022 05:26am
Print World Bank, Wapda holding talks on setting up of 300MW floating solar project ISLAMABAD: The World Bank and Water and Power Development Authority (Wapda) are reportedly holding talks on... Updated 21 Apr, 2022 10:29am
World World Bank sees economies reducing dependence on Russia for energy, on China for supply chains WASHINGTON: World Bank President David Malpass on Wednesday said he expects a “strong effort” by major economies to... Published 20 Apr, 2022 08:04pm
Markets UK shares fall LONDON: UK shares closed lower on Tuesday, weighed by concerns about a slowdown in global economic growth and a... Published 20 Apr, 2022 05:12am
Print World Bank lists factors exacerbating macroeconomic imbalances in Pakistan Domestic political uncertainty and policy reform slippages can lead to protracted macroeconomic imbalances Updated 20 Apr, 2022 01:14pm