Tag Archives: World Bank

[ad_1] ISLAMABAD: The World Bank will provide a $1 billion loan for the 2,160 megawatts Dasu hydropower project—a crucial initiative aimed at integrating cheaper electricity into Pakistan’s energy mix and showcasing the nation’s resilience against adversaries. This marks the third major financing by the World Bank for the project, which …

[ad_1] The World Bank’s Board Of Executive Directors has approved financing of 149.7 million dollars for two projects of Pakistan, “digital economy” and “flood prevention”. 78 million dollars have been allocated for the digital economy enhancement project, which will improve the financial system through technology and data-based decision-making. Through this …

[ad_1] Last Updated: April 02, 2024, 23:29 IST In absolute terms, the region created an average of 10 million jobs a year. (Representative image) During the period between 2000-23, employment grew 1.7% a year while the working-age population expanded 1.9% a year, data included in the report showed Job creation …

[ad_1] In order to support Digital Economy Enhancement Project (DEEP) and Sindh Barrages Improvement Project (SBIP), the World Bank’s Board of Executive Directors has approved $149.7 million in financing for Pakistan. DEEP worth $78 million will support the expansion of digitally enabled public services delivery for citizens and firms, while …

[ad_1] ISLAMABAD: The World Bank has offered financial assistance and risk guarantee for investor comfort in a bid to encourage private sector participation in the management of ailing power distribution companies (DISCOs). As efforts are underway to hand over management control of DISCOs to the private sector, the Power Division …

[ad_1] ISLAMABAD: The World Bank greenlit a $350 million package for Pakistan’s budget financing, highlighting the need for fiscal and structural reforms. This move comes amid concerns raised by the World Bank’s board members over Pakistan’s low tax collection relative to the size of its economy. The World Bank’s Board …

[ad_1] The World Bank (WB) has approved $350 million in financing for the implementation of institutional reforms in Pakistan. The World Bank’s Board of Executive Directors approved $350 million in financing for the Second Resilient Institutions for Sustainable Economy (RISE-II) Operation, which aims to strengthen fiscal management and promote competitiveness …

[ad_1] NEW DELHI: India did not accede to the pressure from developed countries on the issue of fossil fuels at recently concluded UN climate conference (COP28) in Dubai and the country would continue to use coal until it achieves its developmental needs, said environment minister Bhupender Yadav on Tuesday.“While we …

[ad_1] NEW DELHI: In response to India’s escalating air pollution crisis, affecting the entire population of 1.4 billion, the World Bank has launched a multifaceted program aimed at curbing the devastating impact of ambient particulate matter(PM)2.5 pollution. According to the World Bank, the endeavour includes the introduction of airshed management …

[ad_1] ISLAMABAD: Martin Raiser, the World Bank’s Regional Vice-President for South Asia, has warned that Pakistan’s economy is stuck in a “low-growth trap” with poor human development outcomes and increasing poverty. Raiser reaffirmed the bank’s commitment to support the people of Pakistan in his address during a ceremony in Islamabad. …