Tag: World Bank
Punjab plans to attract $1.8 billion Sikh religious tourism
Punjab has conceived a Rs 5.8 billion plan with the assistance of the World Bank to develop six Sikh Gurdwaras and one Buddhist site...
WB signs $500m agreement for financing Power Sector Reforms DPC
Government of Pakistan’s Economic Affairs Division and World Bank signed the Financing Agreement of $500 million for Second Power Sector Reforms Development Policy Credit...
Pakistan’s GDP growth to remain below 5 per cent, says WB
WB report says current account deficit narrowed to $2.6b in FY2014/15 compared to $3.1b in the previous year, a result of record high remittances...
World Bank warns climate change could add 100 million poor by...
Without the right policies to keep the poor safe from extreme weather and rising seas, climate change could drive over 100 million more people...
$4.7b remitted to India from Pakistan in 2014 alone: report
Pakistan has remitted a whopping $4.7 billion to India in one year alone – 2014 – while $2 billion were remitted back to Pakistan...
WB snubs CM’s call for financing coal-fired power plants
WB representative tells Shah the bank doesn’t fund coal-fired power generation anymore due to environmental issues but may help Sindh govt acquire technology for...
World Bank expects Pakistan’s fiscal deficit to decline to 3.5% by...
The World Bank expects Pakistan's fiscal deficit to decline to 3.5 percent of the gross domestic product (GDP) by Financial Year 2017 in a...
PM seeks WB assistance for construction of dams
Prime Minister Nawaz Sharif sought World Bank’s financial assistance for construction of dams, which would help meet energy shortfall of the country.
World Bank President...
World Bank approves $75m loan for rehabilitation of IDPs
The World Bank approved on Thursday a $75 million loan for Pakistan, majority of which will be disbursed among internally displaced persons (IDPs) as...
World Bank approves US $ 70.5 million aid for FATA IDPs
The Washington-based World Bank on Thursday approved US$70.5 million aid for Pakistan.
According to a statement issued by the World Bank, the aid money will be...
WB offers $2b assistance package for Pakistan
The World Bank on Monday offered International Bank for Reconstruction and Development (IBRD) assistance package of $2 billion for over a period of four...
Dar thanks WB for supporting Dasu Hydropower Project
Federal Minister for Finance Senator Ishaq Dar on Monday thanked World Bank (WB) Managing Director (MD) Sri Mulyani Indrawati for her support for Dasu Hydropower Project and CASA-1000 which were on track.
World Bank approves five power projects for Pakistan
Minister of Finance Senator Ishaq Dar on Saturday said that the World Bank had accorded its approval for the construction of five power projects...
World Bank delegation calls on NAB chairman
A delegation of World Bank headed by Country Director Rachid Benmessaoud called on National Accountability Bureau (NAB) Chairman Qamar Zaman Chauhry at NAB Headquarters...
Pakistan’s poor pay tax equal to middle income groups: report
Households in the lowest decile pay about 2.4% of the total taxes while consuming only 3% of the total consumption.
It’s not easy doing business in Pakistan, says WB report
Pakistan is ranked 128th out of the 189 countries surveyed for the latest World Bank’s ‘Doing Business’ annual report, a drop of 18 places...
China launches World Bank rival in Asia
SHANGHAI-
Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns...
