Reforms could boost World Bank lending to developing countries WASHINGTON: Reforming the World Bank’s approach to risk could unlock nearly $190 billion in additional urgently... Published 27 Sep, 2023 12:02pm
Print ‘Dasu transmission line corruption’: NTDC BoD body given 2 more weeks to finalise recommendations ISLAMABAD: Senate Standing Committee on Power on Tuesday gave an additional two weeks to the Procurement Committee... Updated 27 Sep, 2023 10:18am
Editorials Significant rise in poverty EDITORIAL: World Bank officials while briefing the media noted that Pakistan’s poverty level rose to 39.4 percent... Updated 27 Sep, 2023 07:05am
Markets Open-market: rupee strengthens against US dollar Closes at 291 and 288 on Tuesday Updated 26 Sep, 2023 09:45pm
Pakistan Contracts of Dasu transmission: Senate body chief seeks audio and video recordings, minutes of NTDC’s meeting ISLAMABAD: Chairman Senate Standing Committee on Power, Senator Saif Ullah Abro has sought minutes alongwith audio... Published 26 Sep, 2023 06:50am
Print Provincial mandates: Federal spending must be ceased, recommends World Bank WB says that federal and provincial departments that are already redundant or would become so under the proposed devolution to the local governments should be abolished Updated 26 Sep, 2023 10:02am
Print Consistent policies mandatory: 60pc of economy outside the tax net: Ishrat ISLAMABAD: Former Governor State Bank of Pakistan (SBP), Dr Ishrat Hussain, on Saturday, said predictability and... Updated 24 Sep, 2023 10:45pm
Pakistan World Bank, Punjab govt join forces to combat air pollution LAHORE: In a major step towards tackling air pollution, the World Bank and Government of Punjab Departments have... Published 23 Sep, 2023 05:58am
Print Economic model ‘flops’: Poverty hits 39.4pc mark, say World Bank officials ISLAMABAD: Pakistan’s current economic development model is no longer reducing poverty and provides few benefits to... Updated 23 Sep, 2023 05:38pm
Business & Finance Debt piling up: Borrowing reliance surging to finance twin deficits: World Bank ISLAMABAD: The World Bank on Friday said Pakistan’s economic model is unsuitable because the country’s borrowing... Published 23 Sep, 2023 05:58am
Business & Finance Annual meetings of IMF, WBG Board in October: WB invites Shamshad ISLAMABAD: The World Bank’s Country Director Najy Benhassine has extended an invitation to caretaker Finance... Published 22 Sep, 2023 03:33am
Print NEECA again transferred to Power Division ISLAMABAD: The government has once again transferred National Energy Efficiency & Conservation Authority (NEECA)... Updated 21 Sep, 2023 09:39am
World Yellen says she trusts IMF, World Bank, Morocco to adjust annual meetings after disaster NEW YORK: US Treasury Secretary Janet Yellen said on Tuesday that she trusts the leaders of the World Bank and the... Published 20 Sep, 2023 11:38am
Pakistan Uplift projects to make Pakistan climate resilient: Ministry committed to facilitate World Bank: minister ISLAMABAD: Caretaker Minister for Planning, Development and Special Initiatives Muhammad Sami Saeed said that the... Updated 19 Sep, 2023 07:24am
World Israeli restrictions hinder Palestinians’ access to healthcare: World Bank OCCUPIED JERUSALEM: Israel’s restrictions and rising fiscal constraints in the Palestinian territories are ... Published 19 Sep, 2023 06:31am
Print Dasu Transmission Line: World Bank warns against cancellation of contracts ISLAMABAD: The World Bank has warned that cancellation of the awarded contracts of 765 kV Double Circuit Dasu... Updated 19 Sep, 2023 09:41am
Pakistan CM Punjab reviews steps taken to deal with smog challenge LAHORE: It has been decided to turn the urban roads dust free for the eradication of smog. The roads will be washed... Published 18 Sep, 2023 06:32am
Opinion Private savings, govt dissaving: debt Savings by an individual/householder or a government have different objectives and constraints and while a healthy... Updated 18 Sep, 2023 07:33am
Business & Finance FBR admits abolished ‘circle-based system’ much better than reformed‘functional-based system’ ISLAMABAD: The Federal Board of Revenue (FBR) has admitted that the abolished “Circle-based system” was much... Published 16 Sep, 2023 03:03am
Print Award of ‘dubious’ contract to German firm: Senate panel accuses World Bank official and power secretary of ‘conniving’ with NTDC ISLAMABAD: The Senate Standing Committee on Power on Thursday accused Country Director World Bank, Najy Benhassine,... Updated 15 Sep, 2023 09:50am
World Ukraine will receive $1.25bn from US under World Bank programme KYIV: Ukraine will receive $1.25 billion from the United States as part of the World Bank’s PEACE in Ukraine... Published 14 Sep, 2023 02:57pm
Pakistan World Bank’s IFC doubles investment commitments in Pakistan to $1.5bn in FY23 The International Finance Corporation (IFC), a member of the World Bank, committed approximately $1.5 billion in... Updated 13 Sep, 2023 04:55pm
World More than 330mn children still in extreme poverty: UNICEF WASHINGTON: The Covid-19 pandemic caused a sharp slowdown in the fight to end child poverty, with 333 million... Published 13 Sep, 2023 12:35pm
Business & Finance Only 50pc of SECP registered entities file tax returns ISLAMABAD: A total of 50,000 companies are filing their annual income tax returns out of over 100,000 entities... Updated 13 Sep, 2023 09:46am
Business & Finance Hybrid social protection system: $600m PCRSP project facing delay: World Bank ISLAMABAD: The hybrid social protection system and the new payment system of the Pakistan Crisis Resilient Social... Updated 12 Sep, 2023 09:14am
Print Backward areas of Balochistan: World Bank official briefs PM ISLAMABAD: World Bank Country Director Najy Benhassine, on Monday, met with the Caretaker Prime Minister, Anwaarul... Updated 12 Sep, 2023 08:51am
World Morocco survivors seek aid as earthquake toll passes 2,100 MOULAY BRAHIM: Survivors of Morocco’s deadliest earthquake in more than six decades struggled to find food, water... Updated 10 Sep, 2023 09:39pm
Print Joint efforts targeting $2bn disbursements: World Bank ISLAMABAD: The World Bank has indicated that the joint efforts are targeting disbursements of around US$2 billion... Updated 10 Sep, 2023 09:41am
Print Finance minister says govt to go for rollover of deposits Says it was important to remove import restrictions across the board since Pakistan was an import-intensive country Updated 09 Sep, 2023 02:30pm
World Yellen to work with India at G20 Summit to aid successful communique crafting NEW DELHI: US Treasury Secretary Janet Yellen said on Friday the United States was willing to work with India to... Published 08 Sep, 2023 11:16am