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
Finance Minister leaves for USA to attend IMF, World Bank meetings
Finance Minister, Muhammad Aurangzeb has left for the United States (US) to attend the annual meetings of the International Monetary Fund (IMF) and World Bank.
World Bank approves $535 mn for post-flood resilience projects in Pakistan
WEB DESK: World Bank approves $535 million for Pakistan’s crisis-resilient social protection and Sindh Livestock and aquaculture transformation projects. The World Bank’s Board of Executive Directors has approved $535 million in financing for Pakistan, aimed at supporting two critical initiatives: the Crisis Resilient Social Protection (CRISP) program and the Sindh
KPK govt flags concerns over World Bank’s tourism loan, citing Azaad Digital Urdu Report
WEB DESK: The Khyber Pakhtunkhwa government has ordered an inquiry into the news of further borrowing from the World Bank for tourism. In Khyber Pakhtunkhwa, Azad Digital’s graphics and stories are not just circulated by journalists and politicians on WhatsApp groups and social media; the government and bureaucracy have also initiated
CM Maryam Nawaz orders digitisation of Punjab land records
WEB DESK: Chief Minister of Punjab, Maryam Nawaz on Saturday, has directed necessary measures to be taken for land record digitisation. A special meeting regarding Board of Revenue reforms was held under the chairmanship of Chief Minister Punjab, Maryam Nawaz Sharif, in which a briefing was given on the Punjab
What happened during the talks between Pakistan and the IMF?
Pakistan and the International Monetary Fund (IMF) are in ongoing discussions regarding a new bailout package to address economic challenges. Sources familiar with the negotiations revealed that both the sides exchanged views to meet the financial needs for the upcoming fiscal year. According to sources, Pakistan discussed the initial estimates
CM Maryam collaborates with IFC to boost farmer support
LAHORE: Punjab Chief Minister (CM) Maryam Nawaz Sharif has expressed interest in the International Finance Corporation (IFC) to support farmers with working capital. Furthermore, in a recent meeting with Zeshan Ahmed Sheikh, the Country Manager for Pakistan and Afghanistan at IFC, discussions revolved around fostering private-sector investment and business plan
