CDA, World Bank collaborate to address Islamabad water shortage
The Capital Development Authority (CDA) has said that it is collaborating with the World Bank on water-related projects to resolve the growing water shortage in Islamabad.
PM Shehbaz launches World Bank’ $20bn funding programme in Pakistan
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Thursday launched the World Bank’s multi-billion funding programme, Country Partnership Framework (CPF) for Pakistan from FY26 to FY35, at a ceremony held in Islamabad. Speaking at a launching ceremony, the premier termed as a “timely intervention” to help Pakistan cope with several challenges,
PM Shehbaz lauds World Bank’s $20 billion commitment to Pakistan
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday welcomed the World Bank’s historic $20 billion commitment to Pakistan under the 10-year Country Partnership Framework (CPF). The premier took to X, formally known as Twitter, to laud the World Bank 10-year programme, “Pakistan Country Partnership Framework 2025-35” for Pakistan. “I deeply appreciate
World Bank commits $20 billion for Pakistan
ISLAMABAD: The World Bank has announced a $20 billion lending package for Pakistan under a 10-year Country Partnership Framework. The programme, “Pakistan Country Partnership Framework 2025-35”, aims to improve social indicators in six targeted areas. According to the report, the World Bank will provide about three-quarters of this $20 billion
World bank grants $450 million for Sindh flood housing rebuild
WEB DESK: The World Bank has approved an additional $450 million for the Sindh Flood Emergency Housing Reconstruction Project, aiming to rebuild resilient housing for communities devastated by the 2022 floods in Sindh Province. This funding builds upon the initial $500 million project launched in December 2022, which has already
Pakistan ranks second in South Asia for 2023 interest payments: Report
ISLAMABAD: The World Bank’s latest International Debt Report 2024 said that Pakistan’s external debt has reached $130.847 billion by the end of 2023. The external debt in 2022 stood at $127.708 billion. As per reports, the rise in debt comes amid increasing global interest payments, particularly within the South Asian
PM Shehbaz to leave for a two-day visit to Saudi Arabia Visit tomorrow
Prime Minister (PM) Shehbaz Sharif will leave for a two-day visit to Saudi Arabia tomorrow at the invitation of Saudi Crown Prince Mohammad bin Salman.
Pakistan partners with World Bank to tackle smog in Islamabad
ISLAMABAD: Federal Interior Minister Mohsin Naqvi met with World Bank Country Director Najy Benhassine on Thursday to discuss a new partnership to help combat smog and further sustainable development in the capital. The meeting took place against the backdrop of deteriorating air quality in Punjab. It brings to the fore
Biden pledges record $4 billion for global poverty alleviation
WASHINGTON: United States President Joe Biden pledged a $4 billion contribution to the World Bank’s International Development Association (IDA) fund, aimed at aiding the world’s poorest countries. Biden announced the US pledge during a closed session of the Group of 20 summit in Rio de Janeiro, according to the sources,
Government imposes new restrictions on non-filers
Pakistan’s Finance Minister, Muhammad Aurangzeb, recently announced new restrictions on property and vehicle purchases for non-filers as part of broader economic reforms. Speaking at a press conference in Washington, he highlighted that these difficult decisions are necessary to drive long-term improvement, according to Express News. Aurangzeb explained that Pakistan aims