World Bank cuts East Asia’s 2022 GDP forecast on Ukraine war MANILA: The World Bank cut its growth forecast for East Asia and the Pacific for 2022 to reflect the economic impact... Published 05 Apr, 2022 11:15am
Markets World Bank approves $341mn loan to Turkey for ‘green’ agriculture ISTANBUL: The World Bank said on Wednesday it had approved a loan of $341.27 million as part of a project to support... Published 31 Mar, 2022 11:43am
Print WB speaks about focal points of upcoming talks with Pakistan ISLAMABAD: The World Bank (WB) has said that managing uncertainty and preparing for future crises will be the centre... Updated 31 Mar, 2022 09:45am
Print WB drops Sindh social sector project ISLAMABAD: The World Bank has dropped “Enabling Social Sectors for Growth, Sindh Human Capital Project” for ... Updated 30 Mar, 2022 10:18am
Pakistan Ishrat visits JS Bank to celebrate launch of his autobiography KARACHI: JS Bank, one of the fastest-growing banks in Pakistan hosted a book signing ceremony at its head office in... Published 29 Mar, 2022 05:49am
Print Pakistan Housing Finance Project: WB lists risks to $85m additional financing ISLAMABAD: The World Bank has listed several risks to the $85 million “additional financing for the Pakistan... Updated 25 Mar, 2022 02:09pm
Pakistan WB identifies ‘high risks’ to Punjab Urban Land Systems Enhancement project ISLAMABAD: The World Bank has identified high risks to the $150 million “Punjab Urban Land Systems Enhancement... Published 23 Mar, 2022 04:58am
Print Ukraine: World lenders see widespread economic fallout LONDON: The International Monetary Fund, World Bank and other top global lenders warned Friday of “extensive”... Published 19 Mar, 2022 04:42am
Business & Finance IFC enhances trade facility for private Pakistani bank The World Bank Group member wants to help Bank AL Habib with import of equipment, machinery and tools Updated 17 Mar, 2022 04:17pm
Markets Ukraine war may prompt grain shortages in poor countries: WB WASHINGTON: The World Bank on Wednesday said a number of developing countries face near-term wheat supply shortages... Published 17 Mar, 2022 04:53am
Business & Finance ERKP supports 2,723 SMEs ISLAMAABD: The World Bank’s Economic Revitalization Project Steers Emergency (ERKP) that funds the Covid-hit small... Published 17 Mar, 2022 04:53am
World World Bank says Ukraine war may prompt grain shortages in poor countries WASHINGTON: The World Bank on Wednesday said a number of developing countries face near-term wheat supply shortages... Published 16 Mar, 2022 09:40pm
World Food security worsens in Afghanistan as wages fall: World Bank WASHINGTON: Food security in Afghanistan has deteriorated sharply since the Taliban took power in August, while ... Published 16 Mar, 2022 05:41am
World Food security worsens in Afghanistan as wages fall: World Bank WASHINGTON: Food security in Afghanistan has deteriorated sharply since the Taliban took power in August, while... Published 15 Mar, 2022 07:41pm
Print WB board approves $435m in financing for 3 projects ISLAMABAD: The World Bank’s Board of Executive Directors has approved $435 million in financing for three ... Updated 12 Mar, 2022 10:03am
Pakistan World Bank approves $435mn for Pakistan’s housing projects Financing will expand access to housing finance particularly for low-income households, improve land tenure rights and facilitate affordable housing developments in urban Punjab Updated 11 Mar, 2022 05:51pm
Business & Finance World Bank official says war-driven oil price hikes to slash growth for big importers WASHINGTON: Persistent high oil prices prompted by Russia’s invasion of Ukraine could cut a full percentage point... Published 09 Mar, 2022 10:34am
Editorials State of the economy EDITORIAL: A Business Recorder exclusive revealed that Pakistan is seeking 21 billion dollar financial support from... Updated 09 Mar, 2022 03:04pm
Business & Finance World Bank approves extra $489mn support package for Ukraine WASHINGTON: The World Bank on Monday approved an additional $489-million package in support for Ukraine, to be made... Published 08 Mar, 2022 11:35am
Print Rs136bn grant sought to reduce power tariff by Rs5/unit PM had made a public announcement regarding relief package of reduction in electricity prices from March 2022 to June 2022 Updated 05 Mar, 2022 09:57am
Print World Bank recommends establishing IWA at federal level ISLAMABAD: The World Bank has recommended to Pakistan for establishing an Inland Waterway Authority (IWA) at the... Updated 05 Mar, 2022 09:54am
Markets World Bank Ukraine loan disbursement grows to 460mn euros WASHINGTON: A World Bank emergency cash disbursement to Ukraine will grow to 460 million euros ($509 million) with... Published 04 Mar, 2022 01:54pm
Markets China-backed bank halts lending to Russia, Belarus BEIJING: The China-backed Asian Infrastructure Investment Bank said it will suspend business related to Russia and... Published 04 Mar, 2022 10:13am
Business & Finance WB board backs using $1bn in frozen Afghan funds for aid WASHINGTON: The executive board of the World Bank on Tuesday approved a plan to use more than $1 billion from a... Published 03 Mar, 2022 04:39am
Markets World Bank preparing $3bn emergency aid package for Ukraine WASHINGTON: The World Bank announced Tuesday that it is preparing a $3 billion aid package for war-torn Ukraine,... Published 02 Mar, 2022 11:19am
Markets World Bank announces more than $1bn in aid for Afghanistan Says money will go to UN agencies and international NGOs while remaining 'outside the control' of the country's Taliban rulers Published 02 Mar, 2022 11:02am
World G7 meeting to focus on Ukraine aid: World Bank WASHINGTON: Finance ministers of the Group of Seven most developed nations will meet Tuesday to discuss urgent aid... Published 28 Feb, 2022 12:54am
Print ‘Troubled’ CASA 1000 project: WB mulling various options ISLAMABAD: World Bank is said to be considering different options to complete the “troubled” Central Asia-South... Updated 26 Feb, 2022 10:11am
World IMF, World Bank chiefs warn of global impacts from Ukraine war WASHINGTON: The leaders of the World Bank and IMF signaled Thursday they were ready to help Ukraine, while warning... Published 25 Feb, 2022 12:42am
Pakistan Land acquisition for Dasu project: World Bank dissatisfied with pace of progress ISLAMABAD: The World Bank has expressed dissatisfaction over pace of land acquisition for 4,320 MW Dasu Hydropower... Updated 23 Feb, 2022 09:44am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?