World Bank
IT Ministry admits failure to comply with PSQCA on $77.73M Digital Economy Project
2 min read
ISLAMABAD: The Ministry of Information Technology and Telecommunication (MoITT) has admitted that it did not consult the Pakistan Standards and Quality Control Authority (PSQCA) under…
Pakistan is Still Decades Away from Digital Equality, Warns World Bank
3 min read
ISLAMABAD: Pakistan has one of the lowest average broadband speeds in South Asia. Fixed broadband packages cost 11.1 percent of the average monthly GNI per capita, which…
Staggering 42.4% of Pakistanis Now Live in Poverty, Says World Bank
3 min read
ISLAMABAD: In 2025, Pakistan’s poverty rate is estimated to be 42.4 percent, with a population growth of nearly 2 percent annually. This translates to approximately 1.9…
Govt Restructures IT Ministry Under $77M World Bank Digital Project
4 min read
ISLAMABAD: The government has decided to restructure the Ministry of Information Technology and Telecommunication to implement the World Bank’s Digital Economy Enhancement Project (DEEP)’ worth…
World Bank Approves $102M for Pakistan’s RAM Project to Boost Microfinance
3 min read
ISLAMABAD: The World Bank’s Board of Directors has approved $102 million in financing for the Resilient and Accessible Microfinance (RAM) Project, aimed at expanding access…
IFC Names Pakistani Amena Arif as New Country Manager for the Philippines
2 min read
ISLAMABAD: Pakistani banker Amena Arif has been appointed as the International Finance Corporation (IFC) country manager for the Philippines, making her one of the few…
Pakistan’s Alarming Position on Global Gender Equality Index
2 min read
ISLAMABAD: Pakistan’s standing on gender equality is among the worst globally, ranking 145th out of 146 countries in the World Economic Forum’s (WEF) Global Gender…
World Bank Reviews Progress of $400M Higher Education Project in Pakistan
2 min read
ISLAMABAD: The World Bank stocktaking mission recently held a series of meetings with the Higher Education Commission (HEC) to review the progress of the Higher…
2035 Forecast: Pakistan’s Economy to Hit $1 Trillion
2 min read
LAHORE: Martin Raiser, the World Bank’s VP for South Asia, suggests that Pakistan’s GDP could reach $1 trillion by 2035, provided it maintains a consistent…
Faceless System Clears Goods in 18 Hours
3 min read
KARACHI: Muhammad Jamil Nasir Khan, Chief Collector of Customs Appraisal in the South, stated that the newly introduced Faceless Customs Assessment (FCA) system has significantly…
Pakistan Achieves Sixth Rank in Worldwide Solar Energy Market
2 min read
Pakistan has established itself as the world’s sixth-largest solar market, driven by a growing reliance on renewable energy, particularly solar power. A recent report by…
Govt Seeks World Bank Approval to Revise Punjab’s $200M Health and Education Plan
5 min read
The government has contacted the World Bank to restructure the $200 million Punjab Human Capital Investment Project (PHCIP). This restructuring aims to help the initiative…
First Quarter Sees 60% Decrease in Foreign Aid to Pakistan
2 min read
ISLAMABAD: In the first quarter of the current fiscal year (July-September), Pakistan’s foreign assistance inflows dropped 60% to $2.3 billion, from approximately $5.73 billion in…
