Tag Archives: ASian Development bank

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Pakistan’s GDP growth rate will shrink to 2.6%, says ADB report

04 April, 2020 3:10 pm 3:10 pm

LAHORE (92 News) – In its latest report released on Friday, the Asian Development Bank (ADB) said that Pakistan’s GDP growth rate will shrink to 2.6 per cent from 3.3 per cent. According to the report, Pakistan’s growth rate could further slide to two per cent during the current fiscal year owing to Covid-19 outbreak … Read More

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WB, ADB offer to financial help for Pakistan to fight against coronavirus

03 March, 2020 2:58 pm 2:58 pm

ISLAMABAD (92 News) – World Bank (WB) and Asian Development Bank (ADB) on Wednesday offered to financial help for Pakistan to fight against coronavirus outbreak. According to the details, the ADB will provide $350 million to Pakistan while WB also offered to give $188 million to Pakistan. However, the agreements between Pakistan and international financial … Read More

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World Bank restores budgetary support to Pakistan

11 November, 2019 2:23 pm 2:23 pm

ISLAMABAD (92 News) – The World Bank has restored Budgetary Support to Pakistan on account of strengthening of economic stability. Minister for Economic Affairs Hammad Azhar stated in his tweet and said that both the Asian Development Bank and the World Bank had suspended budgetary support to Pakistan during 2017 due to rising macro-economic imbalances … Read More

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IMF, WB officials appointed as SBP governors in past: Iftikhar Durrani

05 May, 2019 12:03 am 12:03 am

ISLAMABAD (92 News) – Responding to the statement of PPP Chairman Bilawal Bhutto, Special Assistant to Prime Minister on Media Iftikhar Durrani on Wednesday said that the officials from World Bank (WB) or the International Monetary Fund (IMF) had been appointed as the governor State Bank of Pakistan (SBP) in the past. “It was not … Read More