World Bank approves $1.49 billion in support for Ukraine: PM KYIV: The World Bank has approved $1.49 billion in financial support for Ukraine to help pay wages for social... Published 08 Jun, 2022 02:02pm
Pakistan FY23: World Bank projects economic slowdown in Pakistan, says growth will be 4% Economy remains engulfed in various challenges, including a widening current account deficit and rise in debt payments Updated 08 Jun, 2022 04:26pm
Markets World Bank slashes China growth forecast over Covid damage BEIJING: The World Bank has sharply slashed its annual growth forecast for China, warning in a report Wednesday that... Published 08 Jun, 2022 10:35am
Print World Bank slashes global growth forecast to 2.9pc, warns of ‘stagflation’ risk WASHINGTON: The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9% for 2022, warning... Published 08 Jun, 2022 06:19am
World Malpass defends World Bank’s record on climate change, says US supportive WASHINGTON: World Bank President David Malpass on Tuesday defended the bank’s work on climate change and said US... Published 07 Jun, 2022 09:09pm
Markets US stocks fall on World Bank forecast, weak Target outlook NEW YORK: Wall Street stocks fell early Tuesday as the World Bank slashed its global growth outlook and Target... Published 07 Jun, 2022 07:26pm
World World Bank slashes 2022 global growth forecast to 2.9% World economy is expected to experience its sharpest deceleration following an initial recovery from global recession in more than 80 years Updated 07 Jun, 2022 10:24pm
Print Rs5/unit relief on electricity bills may end next month ISLAMABAD: The government is likely to withdraw the subsidy of Rs.5 per unit from June 1, 2022, extended to... Updated 05 Jun, 2022 02:11pm
Business & Finance Rs7.91 hike in base tariffs of Discos approved ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has approved an average increase of Rs 7.91 per unit... Published 03 Jun, 2022 05:56am
Opinion The country needs IMF programme It increasingly appears that the incumbent government and the International Monetary Fund (IMF) are going to ink the... Published 31 May, 2022 05:11am
Pakistan Around 22.8m kids are out of school in Pakistan: WB ISLAMABAD: Around 22.8 million children between the ages of five and 16 in Pakistan – 44 percent of the total... Published 29 May, 2022 05:50am
Print IMF staff-level agreement: Miftah expects it in June, explains its criticality ISLAMABAD: Finance Minister Miftah Ismail has stated that a staff-level agreement with the International Monetary... Updated 29 May, 2022 11:01am
Print Relief package on electricity likely to stay ISLAMABAD: The government has reportedly decided to continue PM’s relief package of Rs 5 per unit for electricity... Updated 28 May, 2022 10:21am
World IMF secures $40 billion so far for new sustainability trust LONDON/NEW YORK: The International Monetary Fund (IMF) has received $40 billion in pledges for its new Resilience... Published 27 May, 2022 08:22pm
Markets World Bank approves $500mn for Turkey for COVID-19 vaccines ISTANBUL: The World Bank said on Thursday that its board had approved $500 million in additional financing to... Published 27 May, 2022 11:49am
Markets Prior actions for PACE-1: WB, Power Div to hold weekly talks ISLAMABAD: World Bank and Power Division are said to hold weekly meetings to achieve prior actions on Programme for... Published 27 May, 2022 05:50am
Business & Finance Govts should assist low-income families instead of subsidising energy: WB president David Malpass says governments should use technology to track those in need and provide them financial benefits. Published 26 May, 2022 11:16pm
Pakistan Provincial govts urged to play role for saving water KARACHI: Pakistan Businesses Forum (PBF) president Mian Usman Zulfiqar has urged the provincial governments to play... Published 25 May, 2022 04:40am
Opinion How to avert economic collapse The worst kept secret about the present economic crisis is that it has resulted from our rulers having saddled the... Published 25 May, 2022 04:40am
World Americans now prioritising economy over punishing Russia: survey Earlier, majority residents had voted for effective sanctioning of Moscow Published 24 May, 2022 07:07pm
Print World Bank’s RISE-II: Pakistan told it can lose funding if prior actions not completed ISLAMABAD: World Bank (WB) has warned the government that Pakistan will lose a part of FY 23 funds from... Updated 23 May, 2022 09:55am
Business & Finance Moody’s cuts Ukraine debt rating, outlook negative WASHINGTON: Moody’s on Friday cut Ukraine’s debt rating for the second time in three months and lowered the... Published 22 May, 2022 06:03am
Opinion Urgent need for economic diplomacy activism ‘It is therefore in advanced economies’ interest to help poorer countries reduce the mounting risk of little... Published 20 May, 2022 05:42am
Pakistan AEDB director policy says well-designed auctions provide level playing field for local and international investors ISLAMABAD: Rene-wables First organised a webinar that featured local and international renewable energy experts... Published 20 May, 2022 05:15am
Pakistan CDWP approves three uplift projects worth Rs12.6bn ISLAMABAD: The Central Development Working Party (CDWP) approved three development projects at the cost of Rs12.6... Published 19 May, 2022 05:29am
Print World Bank to provide additional $12bn to address global food crisis WASHINGTON: The World Bank on Wednesday announced an additional $12 billion in funding for projects to address the... Updated 19 May, 2022 09:41am
Business & Finance SBP, IFC join hands to promote agri finance through EWRF KARACHI: Deputy Governor State Bank of Pakistan (SBP) Sima Kamil while addressing a two-day specialised training... Published 19 May, 2022 05:29am
World World Bank to provide additional $12bn to address global food crisis WASHINGTON: The World Bank on Wednesday announced an additional $12 billion in funding for projects to address the... Published 18 May, 2022 07:29pm
Pakistan Minister briefed about WB-funded programmes ISLAMABAD: Minister of State on Finance and Revenue Dr Aisha Ghous Pasha held a meeting with Country Director World... Published 18 May, 2022 05:54am
Markets Ethiopia, World Bank sign $300mn grant agreement for reconstruction NAIROBI: Ethiopia and the World Bank have signed an agreement for a $300 million grant to help with reconstruction... Published 17 May, 2022 10:55am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees