Kenya’s economy to grow 4.5%-5.2% next year, World Bank says NAIROBI: Kenya’s economy is likely to expand by 4.5%-5.2% in 2024 from an estimated 5% this year, the World Bank... Published 20 Dec, 2023 01:11pm
Pakistan World Bank approves $350mn financing for Pakistan Funds are to be used for Second Resilient Institutions for Sustainable Economy Operation, which aims to strengthen fiscal management Updated 20 Dec, 2023 04:58pm
Print World Bank projects drop in remittance flows ISLAMABAD: The World Bank has projected a drop in remittance flows to Pakistan to $24 billion in 2023 and further... Updated 19 Dec, 2023 09:32am
Pakistan Sindh barrages project faces $72m financial gap ISLAMABAD: The “Sindh Barrages Improvement Project” of worth $326.6 million is facing financing gap of about $72... Updated 18 Dec, 2023 07:16am
Pakistan PBM launches World Bank’s PMTD ISLAMABAD: Pakistan Bait-ul-Mal (PBM) has launched the World Bank’s Project Management and Tracking Design (PMTD),... Published 16 Dec, 2023 05:49am
Business & Finance World Bank cuts Thai growth outlook to 2.5% this year, 3.2% next year BANGKOK: Thailand’s economic growth is expected at 2.5% this year before accelerating to 3.2% in 2024, supported by... Published 14 Dec, 2023 12:17pm
Pakistan Climate change: Govt starts collaboration with other S. Asian states LAHORE: Pakistan has started collaborating with other South Asian countries to share knowledge, resources and... Published 14 Dec, 2023 05:24am
Opinion Pakistan’s promising economic outlook The finance division’s ‘monthly economic outlook report’ for the month of November reveals that Pakistan’s... Published 14 Dec, 2023 05:24am
Print World Bank says external debt stocks at $126.942bn by end 2022 ISLAMABAD: The World Bank (WB) has estimated Pakistan’s total external debt stocks at $126.942 billion by end 2022... Updated 14 Dec, 2023 08:55am
Business & Finance Developing countries spent record $443.5bn to service public debts in 2022: World Bank WASHINGTON: Developing countries spent nearly half a trillion dollars to service their external public and publicly... Published 14 Dec, 2023 05:24am
World IMF, World Bank announce $4.5 billion debt relief for Somalia NAIROBI: Somalia reached the end of a debt forgiveness initiative on Wednesday overseen by the International... Published 13 Dec, 2023 11:46pm
Print CDWP clears four uplift projects worth Rs36.22bn ISLAMABAD: The Central Development Working Party (CDWP) cleared four development projects at cost of Rs 36.22... Updated 13 Dec, 2023 09:23am
Editorials Sensitive price index: roiling resurgence? EDITORIAL: The Sensitive Price Index (SPI) for the week ending 7 December 2023 against the week ending 30 November... Published 13 Dec, 2023 05:33am
World Palestinian economy severely impacted by Israel-Hamas war: World Bank WASHINGTON: The Israel-Hamas war in Gaza is having a severe impact on the Palestinian economy, according to the... Published 12 Dec, 2023 09:03pm
Business & Finance Myanmar to see growth of just 1% in year to March 2024: World Bank Myanmar’s economy is expected to grow just 1% in the year to March 2024, the World Bank said in a report published... Published 12 Dec, 2023 02:06pm
Pakistan Exemption to Nadra from relending policy: IMC formed to prepare recommendations ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has constituted an Inter-Ministerial Committee... Published 12 Dec, 2023 05:28am
Print ‘Country is not getting new inflows from abroad’ ISLAMABAD: Pakistan’s Gross Domestic Product (GDP) has been estimated at 2.17 percent for the first quarter of the... Updated 11 Dec, 2023 09:09am
Business & Finance Sindh’s integrated health, population project: World Bank rates implementation progress as ‘satisfactory’ ISLAMABAD: The World Bank (WB) has rated the overall implementation progress of the “Sindh Integrated Health and... Published 11 Dec, 2023 06:41am
Opinion Important climate finance issues at COP28 The world is faced with not only the existential threat of climate change crisis, but the impact it is producing in... Published 08 Dec, 2023 05:20am
Print ‘Delayed’ CASA-1000 project: World Bank reluctant to arrange funds ISLAMABAD: The World Bank is said to have shown reluctance in the arrangement of funds for the delayed Central... Updated 07 Dec, 2023 09:15am
Business & Finance World Bank’s Banga calls for record replenishment of fund for poorest countries World Bank President Ajay Banga on Wednesday called on member countries to make the next replenishment of the... Published 06 Dec, 2023 02:29pm
Business & Finance GDs inspections, PCAs: Material violations fall to 7pc from 8pc in 2022-23: World Bank ISLAMABAD: The material violations detected from custom inspection and audits decreased from eight percent in... Updated 06 Dec, 2023 08:42am
Business & Finance World Bank says Philippines economy to grow 5.6% this year, below govt target MANILA: The Philippine economy is expected to grow 5.6% this year and 5.8% next year, the World Bank said on... Published 05 Dec, 2023 11:13am
Editorials The bigger picture of weaknesses in economy EDITORIAL: The World Bank’s regional vice president for South Asia, Martin Raiser, while addressing an event... Published 05 Dec, 2023 03:01am
World Top development banks at COP28 vow to up climate game, quiet on fossil fuels DUBAI: Ten of the world’s top development banks pledged to step up their climate efforts at the COP28 summit, yet... Updated 03 Dec, 2023 10:47pm
Print CASA-1000: WB rates progress as ‘moderately satisfactory’ ISLAMABAD: The World Bank has rated the overall implementation progress of the Pakistan Community Support Project... Updated 03 Dec, 2023 09:09am
Business & Finance WB VP visits Tarbela, Dasu hydropower projects LAHORE: World Bank Vice President Martin Raiser along with a 4-member delegation visited Tarbela 5th Extension and... Published 03 Dec, 2023 02:59am
World World Bank, UAE lead climate financing boost at COP28 DUBAI: Governments, development banks and companies announced on Friday initiatives to mobilise billions in climate... Published 02 Dec, 2023 05:09am
Business & Finance Public health sector: Pakistan needs to spend 1pc of GDP every year: World Bank LAHORE: World Bank has estimated that Pakistan needed to spend one percent of current GDP, i.e. $4 billion, per year... Published 02 Dec, 2023 05:09am
Business & Finance World Bank increases climate spending to 45% DUBAI: The World Bank on Friday said it will increase the amount it spends annually on climate-related projects to... Published 01 Dec, 2023 06:21pm