Tag Archives: World Bank

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World acknowledging economic reforms process in Pakistan: Hafeez

12 December, 2019 8:23 pm 8:23 pm

ISLAMABAD (92 News) – Adviser on Finance Abdul Hafeez Shaikh has said that the whole world gets the knowledge that the economic reforms process in Pakistan is well on track and is being appreciated by international financial institutions. Addressing a press conference along with Minister for Economic Affairs Hammad Azhar and Federal Board of Revenue … Read More

World bank Asian Development Bank minister for Revenue Hammad Azharranking Pakistan's ranking world Bank World bank report Ease of Doing Business 2020 136 to 108 Lahore Karachi

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

World bank Asian Development Bank minister for Revenue Hammad Azharranking Pakistan's ranking world Bank World bank report Ease of Doing Business 2020 136 to 108 Lahore Karachi

Pakistan’s ranking improved from 136 to 108 in WB’s annual flagship rep...

10 October, 2019 12:01 pm 12:01 pm

ISLAMABAD (92 News) – Pakistan’s ranking improved its ranking from 136 to 108, according to the World Bank’s annual flagship report “Ease of Doing Business 2020” released on Thursday. According to the reports, in a key progress that will greatly improve Islamabad’s image abroad, Pakistan has jumped up 28 places on the World Bank’s Ease … Read More

Kristalina Georgieva

WB’s Kristalina Georgieva becomes first IMF head from emerging econom...

09 September, 2019 3:06 am 3:06 am

NEW YORK/SOFIA (Reuters) – Bulgarian economist Kristalina Georgieva was confirmed on Wednesday as managing director of the International Monetary Fund, becoming the first head of the $1 trillion-asset global lender from an emerging market economy. A centre-right politician who grew up in Bulgaria under Communism, Georgieva built a reputation during her time at the World … Read More

Reko Diq, World Bank, Pakistan, $5.8 billion, Tethyan Copper

Reko Diq case: WB court orders Pakistan pay $5.8b damages to Tethyan Copper

07 July, 2019 8:30 pm 8:30 pm

SANTIAGO (Reuters) – A World Bank arbitration court has ordered the Pakistani government pay damages of $5.8 billion to Tethyan Copper, a joint venture between Chile’s Antofagasta Plc (ANTO.L) and Canada’s Barrick Gold (ABX.TO), the Chilean miner said late on Friday. Tethyan Copper discovered vast mineral wealth more than a decade ago in Reko Diq, … Read More

loan loan agreement Pakistan World bank 918 million dollars

Pakistan, World Bank ink loan agreements worth $918 million

06 June, 2019 3:29 pm 3:29 pm

ISLAMABAD (92 News) – World Bank is to provide $918 million in loan to Pakistan for the execution of three programs aimed at increasing domestic revenue and development of higher education sector. An agreement to this effect was signed in Islamabad on Tuesday. The ceremony was witnessed by Adviser on Finance Abdul Hafeez Shaikh. Of … Read More

World Bank World BankCEO PM Imran Khan Prime mInister Imran khan hafeez shaikh PM adviser on finance Imran Khan CBI

PM Imran Khan holds meeting with World Bank CEO

04 April, 2019 12:17 pm 12:17 pm

BEIJING (92 News) – Prime Minister Imran Khan held a meeting with World Bank Chief Executive Officer (CEO) Kristalina Georgieva on the sidelines of second Belt and Road Forum in Beijing. Minister for Foreign Affairs Shah Mehmood Qureshi and Adviser of Prime Minister on Finance Dr Shaikh Hafeez also attended the meeting. Gwadar transforming into … Read More

World BAnk WB 3.4% in FY2018-19 South Asia Economic Focus Exports Wanted

Pakistan’s GDP growth projected to slow down to 3.4% in FY2018-19: WB

04 April, 2019 5:59 pm 5:59 pm

NEW YORK (92 News) – Pakistan’s GDP growth is projected to slow down to 3.4 per cent in fiscal year 2018-19 – from 5.8 per cent a year before – and to 2.7 per cent in FY2019-20, the World Bank (WB) said in a report. In its latest edition of the “South Asia Economic Focus, … Read More

Pakistan welcomes investment from UAE: Faisal Vawda

03 March, 2019 10:40 pm 10:40 pm

ISLAMABAD (92 News) – Minister for Water Resources Faisal Vawda has said that the investors are being offered one window services for facilitation in Pakistan on Monday. He was talking to a delegation led by Sheikh Ahmed Dalmook Al Maktoum from the Royal Family of Dubai, United Arab Emirates in Islamabad. He said we welcome … Read More

Pak’s economic condition likely to remain unstable for next two years: WB

10 October, 2018 12:18 pm 12:18 pm

WASHINGTON (92 News) – The new report of World Bank warned the Pakistani newly-elected government that economic condition of Pakistan is likely to remain unstable for next two years. As per report, the World Bank predicted that Pakistan will face severe challenges in coming two years and it needs investment and productivity driven growth, adding … Read More

World Bank’s Kim sees ‘clear’ economic slowdown if trade ...

10 October, 2018 8:37 am 8:37 am

NUSA DUA (Reuters) – World Bank President Jim Yong Kim said on Thursday he is very concerned about the trade tensions between China and the United States and warned of a clear hit to global growth if all countries escalated their tariff threats. Kim made the comments at a news conference during the annual meetings … Read More

World Bank launches ‘human capital’ rankings based on health, e...

10 October, 2018 8:15 am 8:15 am

NUSA DUA, Indonesia (Reuters) – The World Bank Group unveiled a new system on Thursday to rank countries based on their success in developing human capital, an effort to prod governments to invest more effectively in education and healthcare. The bank’s “Human Capital Index,” showed poor African countries fared the worst in the rankings, with … Read More

World Bank urges Pakistan, India to resolve water disputes under Indus Wate...

12 December, 2016 1:03 pm 1:03 pm

WASHINGTON (92 News) – The World Bank Group announced a pause on Monday in the separate processes initiated by India and Pakistan under the Indus Waters Treaty to allow the two countries to consider alternative ways to resolve their disagreements, said a press release. The announcement temporarily halts the appointment of a neutral expert, as … Read More