World Bank

Pakistan sees preliminary economic growth of 3.9pc for FY 2020/21
Pakistan

Pakistan sees preliminary economic growth of 3.9pc for FY 2020/21

  • The planning ministry said its provisional estimate was based on data for the year so far on growth in the agricultural, industrial, and services sectors.
  • Pakistan's economy was hit hard by the COVID-19 pandemic last year. On Friday the ministry also revised down GDP growth for the financial year that ended on June 30, 2020 to -0.47%, from -0.38%.
Published 21 May, 2021 08:34pm
A Herculean task
Opinion

A Herculean task

This is apropos a Business Recorder op-ed “Budget FY22: Tarin faces Herculean task” carried by the newspaper...
Published 21 May, 2021 05:04am
MTN South Africa teams up with World Bank's IFC on mobile money
Business & Finance

MTN South Africa teams up with World Bank's IFC on mobile money

  • Mobile financial services have become a significant part of African telecom operators' businesses since Kenya's Safaricom pioneered an alternative to banks with M-Pesa in 2007.
  • "This partnership provides the opportunity to bridge the digital divide and broaden financial inclusion in South Africa," Felix Kamenga, Chief Officer for Mobile Financial Services at MTN South Africa, said.
Published 19 May, 2021 06:31pm
World Bank signs $500mn infrastructure project for Congo's capital
World

World Bank signs $500mn infrastructure project for Congo's capital

  • Kinshasa is the largest French-speaking city in the world with a population of just over 17 million.
  • "Kin Elenda will help change the daily lives of the people of Kinshasa through the investments it will make throughout the city," said Jean-Christophe Carret, the World Bank's country director.
Published 12 May, 2021 07:51pm
Untapped export potential
Opinion

Untapped export potential

The World Bank in its recent report states that Pakistan’s potential annual exports are $88.1 billion, about four...
Published 28 Apr, 2021 03:18am