World Bank

The government has agreed to a World Bank proposal to update the methodology and source of data for Pakistan’s GDP measurement and the project is likely to be completed by June next year. An official source said that there were several concerns with the GDP’s measurement methodology and data sources in the international financial institutions […]

ISLAMABAD:  The World Bank on Saturday forecast Pakistan´s GDP growth in fiscal year 2017 to climb to 5.2 percent, the highest expansion rate in nine years, boosted by consumer confidence and fiscal reforms.  Growth is expected to accelerate to 5.5 percent in FY18 and 5.8 percent in FY19, according to a World Bank report released on Saturday. But it […]

ISLAMABAD: World Bank President Dr Jim Yong Kim on Monday offered technical and financial help in technological improvements in the renewable energy sector. He was talking to Finance Minister Ishaq Dar who called on him during the spring meetings of the World Bank and International Monetary Fund (IMF) in Washington, said a message received from […]

ISLAMABAD: The Wor­ld Bank will provide $433 million to Pakistan under three separate hea­ds to support the financial sector, social protection and community development. The agreements were formally signed on Thu­rsday. Secretary Econo­mic Affairs Division Tariq Mahmood Pasha signed the Loans and Grants Agreements on behalf of government. Project agreements were signed by the representatives […]

The World Bank (WB) approved a package of measures worth $450 million to help the poorest and most vulnerable people in Pakistan. The initiative includes expanding banking services and financial access, strengthening the social safety net to improve the quality of coverage to those who need it most, as well as promoting tourism for growth […]

ISLAMABAD: The World Bank has approved an assistance of $450 million for Pakistan aimed at providing support for balance of payments and budget financing. The Washington-based lending agency approved three separate credit facilities in order to support the country’s financial inclusion strategy, expand social safety net and promote tourism in Punjab. However, the Ministry of Finance’s […]

ISLAMABAD – The World Bank, in partnership with the Alternative Energy Development Board (AEDB), launched a series of new solar maps for Pakistan in support of the efforts to increase the deployment of renewable energy in Pakistan. This will help in expanding access to sustainable and affordable sources of indigenous energy in the country. With […]

ISLAMABAD – Finance Minister Senator Ishaq Dar has directed the Pakistan Bureau of Statistics (PBS) to use the expertise of the World Bank and make assessment of its processes with a view to fill any existing gaps. The minister made these remarks in a meeting with a World Bank team led by Country Director Patchamuthu […]

LAHORE: The International Finance Corporation (IFC), a member of the World Bank Group, will provide a $145 million worth of financing to FrieslandCampina, one of the largest dairy producers in the world, to spur the development of Pakistan’s dairy sector, an official said on Friday. The financing will help the Dutch dairy company acquire 51 […]

Lahore –  The Punjab Board of Investment and Trade (PBIT) in association with World Bank (WB) has lined up another investment conference to seek ways of exploiting potential of the investment in Pakistan. PBIT Chief Executive Officer Haroon Shaukat, PBIT DG Muhammad Mudassar Tipu, WB Consultant Marcos Griffin, LCCI President Abdul Basit, Ernest and Young […]