World Bank
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414World Bank approved $258 million for National Health Support Program
At least $258 million has been approved by the World Bank in order to strengthen health care systems and accelerate national efforts...
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1.6K
World Bank indicates 4% GDP growth for Pakistan in next fiscal year
The World Bank (WB) has projected a moderate Gross Domestic Product (GDP) growth rate for Pakistan standing at 4% for the coming...
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1.6K
World Bank says rising food prices to curtail purchasing power of Pakistanis
According to the World Bank, the rising food and energy prices in Pakistan is likely to decrease the real purchasing power of...
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1.9K
World Bank raises Pakistan’s growth forecast to 4.3% from 3.4%
Reducing Pakistan’s economic growth rate prediction for the present fiscal year by nearly one percent, the World Bank (WB) stated that the...
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1.8K
Pakistan outperforms all regional economies with lowest unemployment rate
According to the World Bank data, Pakistan outperformed all regional economies during the 2020-2022 COVID period, with the lowest unemployment rate in...
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1.0K
Punjab govt to launch $402 million agriculture transformation project
On July 1, the Punjab government will kick off the Punjab Resilient and Inclusive Agriculture Transformation (PRIAT) project. According to official documentation...
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933
World Bank approves $435 million to finance low-cost housing projects in Pakistan
World Bank (WB) has approved $435 million loans for three housing projects in Pakistan to facilitate low income groups. The three Pakistani...
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842
World Bank disburses $3.4 billion for 23 projects
Out of 54 projects, 23 projects worth $7.8 billion are being implemented by the Federal Government against which $3.4 billion has been...
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804
World Bank sets four conditions for Pakistan for $350m loan
The World Bank has now demanded Pakistan to complete four tasks during the current fiscal year 2021-22 to receive clearance for a $350...
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924
Repurposing agricultural policies to bring multiple benefits
The repurposing current agricultural public policies could deliver multiple benefits for people, the planet and the economy, said World Bank. Martien van...
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2.3K
World Bank forecasts 3.4% growth for Pakistan in FY22
According to Global Economic Prospects report 2022 by World Bank, Pakistan’s growth will be 3.4 percent during the current fiscal year and...
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931
Pakistan, World Bank sign $124 million agreement to tackle climate change
The memorandum of understanding (MoU) to tackle climate change has been signed by the the Ministry of Climate Change and the World...
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848
World Bank approves $195 million loan to improve Pakistan’s electricity distribution
Pakistan has been approved a $195 million loans by The World Bank’s Board of Executive Directors with the aim to increase electricity...
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685
World Bank backs using $280 million in frozen aid funds for Afghanistan
According to news, the World Bank board has approved releasing $280 million from a frozen trust fund to two aid agencies to assist Afghanistan...
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628
Public debt-GDP ratio of Pakistan to ease in FY22, FY23, says World Bank
Pakistan’s debt-to-GDP ratio will ease to 90.6% in the current fiscal year and to 89.3% in the next fiscal year 2022-23, projected...
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711
PM Imran Khan credits govt policies for decline in poverty in FY21
World Bank data shows a debility in the country’s poverty line during the fiscal year 2020-21, said Prime Minister Imran Khan on Friday. According to...
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718
Climate change could force 216 million from their homes by 2050
According to the World Bank, by 2050, reduced agricultural production, water scarcity, rising sea levels, and other adverse effects of climate change...
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911
World Bank, IMF thanks PM Khan for evacuating staff, families from Kabul
Despite the fast-changing circumstances in Afghanistan, World Bank President David Malpass has praised Pakistan’s assistance in rescuing and temporarily relocating their workers and families from Kabul. ...
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1.0K
World Bank grants $130 million for primary education in Sindh
The World Bank has granted worth $129.99 million to the federal government in order to help improve the education system in Sindh. ...
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576
World Bank to finance extra Covid jabs for poor nations
The World Bank is going to finance extra Covid jabs for poor nations as it will enable developing countries to purchase Covid-19 vaccines collectively...
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657
Pakistan among 53 countries listed to get World Bank aid for Covid vaccines
Pakistan is listed among 53 countries by World Bank that will receive aid for purchasing and supply of Covid-19 vaccines. According to...
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713
World Bank approves $800 million for clean energy, human capital
The World Bank has approved $800 million worth of loans for two programmes in Pakistan, the Program for Affordable and Clean Energy (PACE) and the...
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590
World Bank approves $442 million for water, sanitation
In order to support Pakistan in improving access to water and sanitation services, the World Bank has approved $442 million in financing. ...
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661
ADB, World Bank estimates climate change to cost Pakistan $3.8 billion yearly
The Asian Development Bank (ADB) and World Bank (WB) have estimated that climate change will cost Pakistan $3.8 billion yearly. Asian Development...
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768
Punjab seeks $500 million World Bank loan for rural water supply, sanitation
The Punjab government sought $500 million from the World Bank in order to provide water to rural areas and address sanitation problems....
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570
Pakistan likely to lose $60 million World Bank loan aimed to tackle climate change
Pakistan and World Bank had signed a programme to tackle climate changes and natural disasters. It was a $188 million concessional programme....
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901
World Bank puts Pakistan growth rate at 1.3pc
Pakistan had been showing a weak economic recovery with the resumption of economic activity and was expected to achieve a growth rate of 1.3%, ...
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525
Pakistan strikes $1.3 billion development deal with World Bank
Pakistan has made an agreement with the World Bank to work on at least 7 projects worth $1.3 billion in order to...
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703
Sindh and World Bank working on 18 different projects worth $3.25 billion
Sindh to have 18 projects of $3.25 billion, including $1.64 billion ongoing and $1.605 billion in the pipeline with the collaboration of...
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774
Pakistan seeks $12 billion under new World Bank partnership framework
The World Bank Group (WBG) has taken the initiative of preparing a new Country Partnership Framework (CPF) for Pakistan with a possible...
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1.3K
Ease of doing business: Pakistan up 28 places on World Bank index
Security and Exchange Commission of Pakistan’s annual report revealed that Pakistan has improved its position on the World Bank (WB) Ease of...
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675
Pakistani economy expected to grow by average 1.3% over next two fiscals: World Bank
Pakistani economic growth is expected to be subdued, averaging at 1.3 percent over the next two fiscal years, said the World Bank....
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819
Pakistan Surpasses India With Higher Investment Commitments in H1 2020
Pakistan is now one of the top five countries in the world with the most investment commitments in the first half of...
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914
World Bank Advises Pakistan to Invest in Solar and Wind Energy
World Bank advises Pakistan to invest in solar and wind energy stating that alternative sources of energy can help save Pakistan $5...
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1.0K
World Bank okays $304 million for reforms in Punjab
Approval of $304 million loan has been granted by the World Bank for reforms in the taxation system of Punjab which was...
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970
World Bank to provide $1.15bn for two power projects in KP
On Thursday, Pakistan and the World Bank signed two agreements related to renewable energy and hydro power projects in KP province worth...
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967
World Bank predicts 0.5% growth in FY-21, poverty to increase in Pakistan
World Bank is predicting a mere 0.5 percent growth in the current fiscal year and due to COVID-induced economic uncertainty poverty may...
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1.1K
World Bank okays $450m to support Pakistan’s transition to renewable energy
$450 million has been approved by the World Bank in financing to support Pakistan’s transition to renewable energy as the country aims...
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2.0K
Pakistan Less Attractive to Foreign IT Investors: World Bank Report
According to a study released by Gallup Pakistan For World Bank Group “Digital Pakistan: A Business and Trade Assessment”, a combination of...
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1.2K
Pakistan receives $1.5 billion in loans to fight COVID-19
The $1.5 billion in loans from the ADB, WB and AIIB will assist in boosting the Pakistan government to better manage COVID-19...
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1.0K
World Bank approves $500 million loan for Pakistan
The World Bank’s Board of Executive Directors has approved a $500 million program for Pakistan. The program will improve access to quality...
