World Bank cuts Myanmar’s growth forecast to 1% as conflict worsens Economic growth in conflict-torn Myanmar will be around 1% for the 2024-2025 fiscal year, the World Bank said on... Published 12 Jun, 2024 10:19am
Business & Finance World Bank projects 2.3pc GDP growth rate ISLAMABAD: The World Bank (WB) has projected Pakistan’s GDP growth rate at 2.3 percent for the fiscal year 2024-25... Updated 12 Jun, 2024 08:47am
Business & Finance World Bank approves additional $1bn for Dasu Hydropower Project LAHROE: In what can be termed a significant development for much-needed financing to generate clean, green and... Published 12 Jun, 2024 06:51am
World World Bank says global growth stabilising but well below pre-pandemic levels Global economy to avoid third consecutive drop in real GDP growth since major post-pandemic jump in 2021 Updated 11 Jun, 2024 09:58pm
Pakistan World Bank approves $1bn financing for Dasu Hydropower Project The World Bank’s Board of Executive Directors approved $1 billion as the second round of additional financing for... Updated 11 Jun, 2024 07:52pm
Opinion Shift of R&D to Asia, and so does the power… R&D and publication of research papers are the lifeblood of a nation’s prosperity. By fostering innovation,... Published 10 Jun, 2024 06:52am
Print $390m IBRD loan: World Bank likely to restructure T4HP to extend closing date ISLAMABAD: The World Bank is likely to restructure Tarbela Fourth Extension Hydropower Project (T4HP) to extend the... Updated 05 Jun, 2024 02:11pm
Opinion Invest in renewable energy The recent upsurge in circular debt (CD) accumulation coincided with the signing of “take-or-pay” contracts for... Published 03 Jun, 2024 06:30am
Print FBR to upgrade IT infrastructure through World Bank lending ISLAMABAD: The Federal Board of Revenue (FBR) will modernise its IT infrastructure, set up new data centres and... Updated 03 Jun, 2024 09:13am
Markets Solarising public- sector buildings: Sindh, World Bank implementing programme ISLAMABAD: Sindh government in collaboration with World Bank is implementing a comprehensive program to solarise... Published 03 Jun, 2024 06:30am
Business & Finance IMF poised to release $70 million in funding for Niger WASHINGTON: The International Monetary Fund said Saturday it had reached a preliminary agreement with Niger on... Published 02 Jun, 2024 11:06am
Pakistan Health activists propose higher taxes on tobacco products ISLAMABAD: The Federal Board of Revenue (FBR) has received a budget proposal from health advocates to increase taxes... Published 02 Jun, 2024 02:53am
World World Bank says 1.8m additional Ukrainians in poverty as Russia’s war drags on WASHINGTON: The number of Ukrainians living in poverty has grown by 1.8 million since 2020, bringing the total to... Published 31 May, 2024 06:58am
Business & Finance Pakistan’s ‘$474bn’ renewable natural capital faces risk of depletion: World Bank ISLAMABAD: Pakistan’s renewable natural capital, valued at $474 billion - 13.6 percent of the nation’s total... Published 31 May, 2024 06:58am
Pakistan CLICK starts process of handing over websites to all towns KARACHI: Local Government Department Project CLICK has started the process of handing over the newly created ... Published 30 May, 2024 06:19am
Business & Finance Punjab intends to launch a mega project with help of World Bank LAHORE: The Punjab government intends to launch a mega project to improve agricultural value addition and... Published 30 May, 2024 06:19am
Print Previous flawed decisions hampering improvement in power sector? ISLAMABAD: Pakistan’s power sector has shown little, if any, sign of improvement in decades due to the... Updated 27 May, 2024 09:23am
Print More than one in four Syrians ‘extremely poor’: World Bank BEIRUT: More than a quarter of Syrians live in extreme poverty, the World Bank said Saturday, 13 years into a... Updated 26 May, 2024 09:15am
Business & Finance Palestinian Authority risks fiscal collapse: World Bank WASHINGTON: The Palestinian Authority is facing the possibility of financial collapse, the World Bank said in a... Published 24 May, 2024 11:54am
Print Govt, World Bank working on new CPF programme ISLAMABAD: World Bank (WB) and Government of Pakistan (GoP) are reportedly working on a new Country Partnership... Updated 23 May, 2024 08:46am
Opinion Bridging the gap between education, employment, and entrepreneurship Some institutions are referred to as ‘greats’ in the world of higher education and professional desires. Among these... Published 21 May, 2024 03:39am
Business & Finance Impactful economic policy, decision-making require accurate, timely data: WB ISLAMABAD: While the November release of quarterly national accounts represents an important step forward for... Published 21 May, 2024 03:39am
World Tycoon Musk launches Starlink in Indonesia DENPASAR: Tech billionaire Elon Musk launched Sunday his Starlink service on Indonesia’s resort island of Bali as... Published 19 May, 2024 05:36pm
World World Bank and Turkiye signs $1bn renewable energy program ISTANBUL: Turkiye and the World Bank signed an agreement for $1 billion program to support renewable energy... Published 16 May, 2024 07:09pm
Print Revision of buyback rates: PM directs Nepra, PD to amend net metering rules ISLAMABAD: Prime Minister Shehbaz Sharif is said to have directed the National Electric Power Regulatory Authority... Updated 16 May, 2024 12:07pm
Opinion Leveraging climate action for economic resilience: Pakistan’s imperative In the intricate web of global economics; the fusion of climate action, economic stability, and international... Published 12 May, 2024 03:09am
Business & Finance Need stressed to boost bilateral trade ties with Mongolia KARACHI: Highlighting the alarmingly low trade volume of merely $4.8 million between Pakistan and Mongolia,... Published 11 May, 2024 06:22am
World Flash floods kill 50 in one day in north Afghanistan KABUL: At least 50 people, mainly women and children, were killed Friday in flash flooding that ripped through... Published 10 May, 2024 11:30pm
Print Digitalisation: World Bank VP briefed on FBR’s initiatives ISLAMABAD: The Vice President of World Bank Martin Raiser visited the Federal Board of Revenue (FBR) HQ Wednesday... Updated 09 May, 2024 10:24am
Business & Finance Pakistan needs drastic policy changes to turn around ailing economy ISLAMABAD: Pakistan needs drastic policy changes to turn around the ailing economy of the country and put it on the... Published 09 May, 2024 03:11am