World Bank

Adviser to the Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh witnessed the signing of the agreement between Country Director World Bank Patchamuthu Illangovan and Economic Affairs Division Secretary Noor Ahmed. The representatives of the Higher Education Commission (HEC) and Government of Khyber Pakhtunkhwa signed their respective project agreements. After the […]

ISLAMABAD: The World Bank has disbursed $958 million in loans during the past year, an amount that falls short of Pakistan’s expectations due to the multilateral lender’s decision against giving another half a billion dollars for energy sector reforms. During the fiscal year 2016-17 that ended last Friday, the World Bank disbursed $958 million including a […]

ISLAMABAD – The World Bank has projected Pakistan’s economic growth at 5.5 percent for the next financial year (2017-18). “Pakistan growth is expected to pick up to a 5.2 percent rate in fiscal 2017 (July 1, 2016 – June 30, 2017) and to 5.5 percent in the next fiscal year, reflecting an upturn in private […]

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 […]

The World Bank forecasts that Pakistan is expected to pick up to a 5.2 per cent economic growth in fiscal 2017 (July 1, 2016 – June 30, 2017) and to 5.5 per cent in the next fiscal year which reflect an upturn in private investment to increase energy supply and improve security. “The overall growth […]

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 […]