Monday, November 28, 2022
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Tag: World Bank

World Bank to give $3bn for development of power sector infrastructure

The World Bank will release over $3 billion to Pakistan for the development of infrastructure in the power sector, the government announced on Monday. “The...

Climate-related disasters inflict $29bn economic losses on Pakistan: World Bank

Weather- and climate-related disasters have affected over 75 million Pakistanis in the past three decades, with estimated economic losses of over $29 billion, or...

UN to ‘strongly’ advocate for Pakistan’s debt swap with IMF, WB: Guterres

UN Secretary-General António Guterres on Saturday said his organisation would strongly advocate for ‘debt swaps’ with the International Monetary Fund (IMF) and the World Bank...

Prices of food items in Pakistan rise by up to 30%: World Bank report

The World Bank has said the prices of food items in Pakistan had increased by 5% to 30%. This was stated in the “World...

World Bank refuses new funding for bankrupt Sri Lanka

The World Bank on Friday said it would not offer new funding to Sri Lanka unless the bankrupt island nation carried out “deep structural...

Eighty percent Pakistanis’ savings comprise real estate: WB report

A new World Bank study says Pakistani households accumulate significant net worth but overwhelmingly in the form of residential buildings, and on average nearly...

World Bank criticised for messing up Pakistan’s energy sector by supporting gas, LNG

Speakers at a seminar on Wednesday criticised the World Bank for messing up Pakistan’s energy sector by supporting fossil gas and financing LNG infrastructure...

World Bank projects moderate growth rate for Pakistan

The World Bank (WB) has projected a moderate growth rate for Pakistan standing at 4 percent of GDP for the fiscal year 2022-23 against...

World Bank plans $170bn fund to help ‘poorest nations’

The World Bank is seeking to create a $170 billion emergency fund to help the poorest nations being buffeted by multiple crises, the Bank’s...

Pakistan delegation to meet IMF, World Bank

A high-profile Pakistan delegation is set to attend the upcoming annual spring meeting of the Breton Wood Institutions (BWIs) such as the International Monetary...

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