World Bank
ML-1 Railway Cost Cut to $6.8 Billion as Global Lenders Line Up to Fund It
Several major international financial institutions have shown interest in financing the 1,800km Karachi-Peshawar Main Line-1 (ML-1) railway project, whose estimated cost has been revised down…
World Bank Flags Pakistan’s $69M Digital Economy Enhancement Project
The World Bank recently flagged significant implementation gaps in Pakistan’s Digital Economy Enhancement Project (DEEP). According to newly reviewed documents, the project suffers from severely…
Pakistan to Receive $300 Million World Bank Package for Investment and Jobs
The World Bank is preparing a $300 million financing package for Pakistan under a five-year reform programme aimed at increasing private investment, boosting exports and…
World Bank to Lend Punjab $35 Million to Boost Cashless Economy
The Punjab government has finalised a $35 million loan agreement with the World Bank aimed at accelerating the shift toward a cashless economy, officials confirmed.…
World Bank Downgrades Sindh Barrages Project Ratings Over Slow Progress
The World Bank has downgraded the implementation and development ratings of Pakistan’s Sindh Barrages Improvement Project from “Satisfactory” to “Moderately Satisfactory,” citing slow progress in…
Punjab Plans to Scrap 900 Smoky Vehicles to Secure $40 Million WB Aid
The Punjab government has launched a four-year plan to take 900 smoke-emitting buses and trucks off the road, a move that will trigger the release…
August Deadline Set for PM Approval of Gas Deregulation Roadmap
The Petroleum Division will submit a finalized roadmap for deregulating the natural gas sector to Prime Minister Shehbaz Sharif by the end of August 2026,…
World Bank Shelves $1.12 Billion Development Projects in Pakistan
Pakistan faces a severe setback in its development financing pipeline. The World Bank has officially dropped four proposed projects. These initiatives carried a massive combined…
World Bank Rates Pakistan’s $856 Million RISE Programme ‘Moderately Satisfactory’
The World Bank’s Independent Evaluation Group (IEG) has rated Pakistan’s $856.1 million Resilient Institutions for Sustainable Economy (RISE) programme as “Moderately Satisfactory,” acknowledging progress in…
Pakistan Secures $376 Million World Bank Funding for Energy Grid
The World Bank has approved $375.9 million in financing for the Grid Stability Enhancement Project in Pakistan, aimed at strengthening the national power transmission network.…
World Bank Demands Urgent Overhaul of Pakistan’s NFC & Tax Systems
Pakistan must drastically reform how it distributes public resources across its federal, provincial, and local governments. Consequently, failing to act will threaten macroeconomic stability and…
World Bank Approves $70 Million for Connected Punjab Digital Program
The World Bank (WB) has approved $70 million in financing for the Connected Punjab Program, aimed at expanding broadband internet access, improving digital public services,…
The Tracking SDG 7: Over 10 Million Pakistanis Still Have No Access to Electricity
A joint international report has revealed that 10.8 million Pakistanis lived without access to electricity in 2024, placing Pakistan among the 20 largest electricity-deficit countries…
