World Bank
Pakistan has only 11 Automated Teller Machines (ATMs) per 100,000 people
According to the World Bank statistics, Pakistan has only 11 Automated Teller Machines (ATMs) per 100,000 people. Pakistan has performed poorly on the list of…
Govt seeks loans worth $12bn from World Bank
The Government of Pakistan is looking forward to secure loans amounting to $12 billion from the World Bank over a period of five years as…
Pakistan ranks 2nd in South Asia in terms of ease of starting a business: World Bank
Pakistan has improved its position in the World Bank’s Ease of Doing Business Index for the second year in a row. According to the latest…
World Bank predicts 0.5% growth for Pakistan’s economy in 2021 fiscal year
The World Bank’s latest report on the impact of the coronavirus on South Asian economies has predicted that Pakistan’s economy will only grow by only…
HEC’s World Bank funding to be cancelled if Rs. 2.27b grant not approved
A supplementary grant worth Rs. 2.27 billion has been sought out by the Higher Education Commission (HEC) of Pakistan to avoid the cancellation of financial…
PM Imran Khan signs letter on trilateral train project with Afghanistan & Uzbekistan
Prime Minister Imran Khan signed a letter today for a joint approach with Afghanistan and Uzbekistan for asking international financial agencies to finance the railway…
World Bank provides an additional $304 million loan for development of Punjab
The World Bank (WB) has just approved a loan of $304 million for the Punjab Resource Improvement and Digital Effectiveness Programme (PRIDE) in a signing…
Pakistan’s external public debt has grown by 6%, says new EAD report
Pakistan’s total external public debt stood at $77.9 billion as of June 30, 2020, compared to $73.4 billion a year ago, according to a new…
Pakistan to receive $300 million from the World Bank for the health sector and natural disaster planning
In a meeting on Tuesday, the World Bank’s Board of Executive Directors approved a $300 million-dollar financial scheme for Pakistan. The funding is aimed at…
Pakistan among top 5 countries with highest investment commitments: World Bank
A new World Bank report sheds light on the boost in investment activity within the Pakistani ecosystem. Entitled Private Participation in Infrastructure (PPI) 2020 Half…
Pakistan will reap $24 billion in remittances in 2020, says World Bank
According to the World Bank, the projected growth in remittances for Pakistan is nine percent, which adds up to a massive total of $24 billion…
World Bank Report Suggests a Strong IT Policy to Bolster Exports
The IT industry is one of the fastest growing sectors of the Pakistani economy. Each year, IT accounts for over $1 billion worth of exports,…
Asad Umar steps down amid financial crisis in the country
The Finance Minister of Pakistan Asad Umar announced on Twitter that he is stepping down from his position and that he has obtained the Prime…
