World Bank

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 […]

Finance Minister Ishaq Dar on Thursday said Pakistan looked forward to further strengthen development partnership with the World Bank (WB). Ishaq Dar was talking to Pakistan’s Executive Director in the WB, Nasir Mahmood Khosa who called on him. The minister said the government would welcome the visit by WB Chief Executive Officer Kristalina Georgieva by […]

ISLAMABAD –  The World Bank (WB) on Tuesday showed interest in projects aimed at facilitating long-term financing in Pakistan, including housing finance. A WB delegation led by Country Director Patchamuthu Illangovan met Finance Minister Ishaq Dar and reviewed the World Bank portfolio in Pakistan. The WB delegation, including Sebastian Molineus, director of Finance and Markets […]

As many as 6 countries and World Bank have provided $166.3 million donation for reconstruction and rehabilitation of the Federally Administered Tribal Areas (FATA) after military operation against terrorists.

ISLAMABAD: The World Bank and the Asian Infrastructure Investment Bank (AIIB) signed on Wednesday loan and grant agreements worth $720 million with the government for the fifth extension project of the Tarbela dam and governance policy programme for Balochistan. Under the loan agreement, the World Bank will provide a credit of $390m for the fifth […]