Pakistan’s annual GDP can fall 18-20% by 2050 due to climate change risks: World Bank
Pakistan’s annual Gross Domestic Product (GDP) is at risk of fall by 18 to 20 percent by 2050 due to the combined risks from intensification of climate change and environmental degradation in the country, if the climate change issues are left unaddressed. “The combined risks from the intensification of climate change and environmental degradation, unless…
Adil Aziz
WB to provide financial support for Pakistan to provide subsidized urea
Regional Director World Bank for Sustainable Development John A Roome said that the bank will provide financial support to floods and rains affected farmers of Pakistan by providing them subsidized urea. The Regional Director World Bank met with Minister for National Food Security and Research Tariq Bashir and apprised him about the bank’s board meeting…
World Bank for helping country’s socio-economic uplift: Ayaz Sadiq
Federal Minister for Economic Affairs, Sardar Ayaz Sadiq here on Wednesday appreciated the World Bank (WB) for its decades-long assistance, which he said had played and would continue to play a vital role in the socio-economic uplift of Pakistan. The minister was talking to Regional Director for the WB South Asia, Sustainable Development (SD), John…
Sindh govt, WB to provide growers Rs.5000/ acre subsidy on seed, fertilizer for Rabi crops
Sindh government and World Bank agreed on Wednesday to provide Rs.5,000 per acre subsidy to the growers for seed and fertilizer for Rabi Crop while WB also offered a $40 million loan for rehabilitation of the damaged health facilities. The world bank has agreed to provide subsidies to the growers holding up to 25 acres…
Public debt to GDP ratio to fall to 71.7% in FY23: WB
Pakistan’s public and publicly guaranteed debt to GDP ratio is expected to fall gradually in the upcoming years from 78% recorded at the end of Fiscal Year 2021-22 (FY 22) to 71.7% in FY 23 and 71.9% in FY 24. “At the end of FY 22, public and publicly guaranteed debt had increased to Rs…
IMF, WB, IsDB assure Pakistan of their continued support
The International Monetary Fund (IMF), the World Bank(WB) and Islamic Development Bank (IsDB) have assured of their continued support to Pakistan at a time when the country was facing socioeconomic challenges owing to recent floods that have damaged economy badly. The assurances were made during the separate meetings of Federal Minister for Finance and Revenue,…
Government to provide subsidy on seeds, fertilizers for farmers of flood hit areas
Minister for National Food Security and Research Tariq Bashir Cheema Thursday said that government would provide subsidize seeds and fertilizers to support the flood affected farmers of the country during upcoming Rabi season. While talking to a delegation led by Regional Director for Sustainable Development South Asia of World Bank John A Roome, the minister…
Finance Minister for completing all prior actions required for WB’s RISE-II, PACE-II
Federal Minister for Finance and Revenue Miftah Ismail on Sunday held a meeting with Country Director World Bank Najy Benhassine and Program Leader Energy WB Teuta Kacaniku, on World Bank Initiatives RISE-II and PACE-II programs here at the Finance Division. The Finance Minister was briefed on the progress in the second Resilient Institutions for Sustainable…
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