WB appoints new Country Director for Pakistan
The World Bank (WB) has appointed Ms. Bolormaa Amgaabazar the new World Bank Country Director for Pakistan effective from July 1.
Mehfooz
Pakistan Economy on Path to Stability, 2.7% Growth Expected This Fiscal Year, Says WB
The World Bank (WB) on Wednesday said Pakistan’s economy continued to stabilize and was expected to grow by 2.7 percent in the current fiscal year ending June 2025, up from 2.5 percent in the previous year. According to World Bank’s latest report “Pakistan Development Update: Reimagining a Digital Pakistan,” the real GDP growth would be…
Pakistan initiates discussing new multi-billion loan programme with IMF
Pakistan has initiated discussions with the International Monetary Fund (IMF) over a new multi-billion dollar loan agreement to support its economic reform program, Federal Minister for Finance and Revenue, Muhammad Aurangzeb said.
Editor
WB to launch ‘Policy Notes’ for Pakistan’s key-area reforms
The World Bank will present a series of ‘Policy Notes’ outlining the most critical policy shifts for Pakistan’s key areas including achieving fiscal sustainability.
Pakistan needs ‘careful’ economic management to get macroeconomic stability: WB country director
The World Bank suggested Pakistan to undertake the much-needed fiscal reforms including a reduction in tax exemptions and broadening of tax base, terming them “critical” for economic stability and sustainable economic growth. “Careful economic management and deep structural reforms will be required to ensure macroeconomic stability and growth,” WB Country Director for Pakistan Najy Benhassine…
Adil Aziz
WB launches new programme to foster debate on Pakistan’s development-policy issues
The World Bank launched a new programme titled “‘Reforms for a Brighter Future: Time to Decide” aimed at fostering a productive debate on the critical development policy issues being faced by Pakistan. The programme is intended to engage in discussions with a broad range of stakeholders that what ‘fundamental policy shifts’ are most needed to…
World Bank approves $46 Million for KPK’s child healthcare
The World (WB) has approved $46 million to help increase access to child healthcare services and enhance citizen-centered service delivery in selected districts of khyber pakhtunkhwa province. The WB’s Board of Executive Directors approved the financing under the Khyber Pakhtunkhwa Citizen Centered Service Delivery Project. The project would support both supply and demand side interventions…
World Bank rebuts news of delaying loans for Pakistan
The World Bank rejected the news published in a section of press saying that the Bank had not delayed approval of any loan for Pakistan. “The press reports that refer to a World Bank decision to delay approval of potential Bank operations in Pakistan are unfounded”, Country Director of the World Bank for Pakistan Naje Benhassine…
World Bank projects Pakistan’s growth at 2.0 percent in FY 2022/23, amid warning of global recession
With the World Bank warning that the global economy is “perilously close to falling into recession”, the development lender forecast Pakistan’s growth at 2.0 percent in fiscal year 2022/23 (July-June), in its annual Global Economic Prospects report Tuesday. The bank said the figure for Pakistan growth was “half the pace that was anticipated last June,…
WB approves $1.69 Billion to support flood affected people in Sindh
The World Bank’s Board of Executive Directors has approved $1.692 billion in financing, for five projects to support people living in flood-affected areas of Sindh Province in Pakistan. Three projects support rehabilitation and housing reconstruction and the restoration of crop production for vulnerable communities, while another two projects support health services for mothers and children….
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