Tag: World Bank

World Bank court orders Pakistan pay $5.8 billion damages to Tethyan...

SANTIAGO: A World Bank arbitration court has ordered the Pakistani government pay damages of $5.8 billion to Tethyan Copper, a joint venture between Chile’s...

FO urges World Bank to resolve Pakistan-India water issues

--Says no meeting scheduled between Qureshi and Sushma in SCO moot --Refuses to comment on arrests of Chinese nationals over human trafficking charges --Says Aasia Bibi...

Pakistan to avail $6-8bn IMF package, says Asad Umar

--IMF delegation to visit Islamabad before end of April to continue discussions on bailout package --Finance minister says World Bank to give $7.5bn to Pakistan...

Pakistan delegation led by Asad Umar holds meetings with IMF, WB...

WASHINGTON: Pakistani delegation led by Finance Minister Asad Umar participated in IMF and World Bank Spring meetings in Washington and discussed the economic situation...

Economic growth to hit record low of 2.7pc next year, says...

--Urgent structural reforms can revive Pakistan’s economic growth: WB report --Report says growth will reach 4 per cent in FY21 after touching 2.7pc in FY20 ISLAMABAD:...

Trump’s pick elected as World Bank head

WASHINGTON: David Malpass, the Treasury official nominated by President Donald Trump to head the 189-nation World Bank, was elected to the job on Friday. Malpass...

World Bank suspends $200m Balochistan water development project

ISLAMABAD: The World Bank (WB) has suspended a $200 million loan due to allegations of corruption in Balochistan Integrated Water Resource Management and Development Project. The...

Poor governance threatens Pakistan’s macroeconomic stability: WB

--WB report titled ‘[email protected]: Shaping the Future’ says fiscal challenges partly due to weak governance --Failure to implement tax reforms, misalignment of responsibility, weak...

Water reforms can lead to environmental, economic benefits in Pakistan: WB...

ISLAMABAD: Pakistan can get more economic, social and environmental benefits from its water, subject to urgent reforms to improve water use efficiency and service...

World Bank’s neighbourhood improvement project in Karachi yet to be completed

KARACHI: The “Karachi Neighbourhood Improvement Project” launched by the World Bank in the provincial capital has faced delays and is yet to be completed even...

Ivanka Trump among possible World Bank nominees

Former UN Ambassador Nikki Haley and US President Donald Trump’s daughter and adviser Ivanka are among possible US candidates to replace outgoing World Bank...

Pakistan’s growth projected to slow to 3.7% in FY18-19: World Bank

--WB says informal sector provides two-thirds of total employment, but produces only around one-third of GDP --Forecasts global economic economy will decelerate to 2.9pc this...

WB visits PLRA for feasibility study on digitisation of urban land...

--Digitisation plan in limbo owing to lack of data, issues of lands' ownership --PLRA spokesperson says digitisation not authority's mandate, govt hasn't assigned task either   LAHORE: World...

Poor sanitation is stunting children in Pakistan: WB report

ISLAMABAD: The alarming state of water supply and sanitation in Pakistan is creating major health hazards for the entire population and young children are particularly...

World Bank assures Sindh govt of assistance in water modernisation system

KARACHI: A World Bank (WB) delegation met with Minister for Local Government and Kacchi Abadies Saeed Ghani on Thursday and briefed him on the...

Nearly half of the world lives on less than $5.50 a...

ISLAMABAD: Economic advances around the world mean that while fewer people live in extreme poverty, almost half the world’s population — 3.4 billion people —...

World Bank calls on climate change minister, resolves to tackle pollution ...

ISLAMABAD: A delegation of the World Bank led by Country Director Patchamuthu Illangovan called on the federal minister/ Advisor to Prime Minister on climate...