World bank

Federal Minister for Finance and Revenue Muhammad Aurangzeb led a Pakistani delegation at the 2024 Spring Meetings of the International Monetary Fund (IMF) and World Bank in Washington DC. During…

The World Bank is poised to extend a $1 billion loan for the 2,160 megawatts Dasu hydropower project, a critical endeavor aimed at integrating cost-effective electricity into Pakistan’s energy portfolio…

On Friday, Minister for Finance Muhammad Aurangzeb met with Prime Minister Muhammad Shehbaz Sharif to provide a briefing on the upcoming visit to the United States. During the meeting, the…

“The state of the Muslim world” by Talat Masood: While the end of the holy month of Ramazan and the celebration of Eid-ul-Fitr is a festive occasion for Muslims, it…

In recent years, Pakistan has faced a significant deterioration in its fiscal situation, primarily due to persistently low tax revenue collection and escalating public expenditure. Consequently, the country has been…

By Hassan Baig: The recently elected Pakistan government faces the uphill task of tackling the economic crisis. The IMF has completed its second and final review of Pakistan’s economic programme,…

Pakistan has opted to formally request the International Monetary Fund (IMF) for a more extensive and extended bailout package under the Extended Fund Facility (EFF) during the upcoming spring meetings…

By Ghazi Salahuddin: With this week’s advent of Ramazan, our lives have changed in some tangible ways. Our daily routines have acquired a new rhythm. At least in these initial…

The World Bank has extended financial aid and risk guarantees to enhance investor confidence, aiming to promote private sector involvement in the administration of struggling power distribution companies (DISCOs). As…

Maintaining Pakistan’s GDP growth projections at 1.7 and 2.4 percent for FY24 and FY25, the World Bank (WB) notes that parliamentary elections are slated for 2024 in several South Asian…

The year 2024 has started with the world gearing up for elections. Approximately two-and-a-half billion people in South Asia, including those in Pakistan, are preparing for elections. Globally people in…

In juxtaposition of economic perspectives, the Ministry of Finance in Pakistan paints an optimistic picture of the country’s ongoing economic recovery, setting the stage for a narrative that is later…

“Pakistan’s current economic model is not working. It has fallen behind its peers, significant progress with poverty reduction has now started to reverse, and the benefits of growth have accrued…

As 2023 draws to a close, it has left behind a mix of despair and hope. The economy had teetered on the brink of default but was then propped up…

The World Bank’s board of executive directors approved $350 million in financing for the Second Resilient Institutions for Sustainable Economy (RISE-II) operation in Pakistan on Tuesday. RISE-II aims to strengthen…

The growing economic turmoil sparked by a balance of payment crisis and high debt have led to a worsening loss of public confidence reflected in a diversion of remittances from…

In South Asia, external debt obligations to China rose nearly sevenfold over 11 years, from $6.4 billion in 2012 to $42.9 billion in 2022, of which two-thirds was accounted for…

The World Bank’s Vice-President for South Asia has raised alarm over the “silent human capital crisis” in Pakistan, calling upon authorities to make difficult but necessary decisions for the “bright…

Caretaker Minister for Finance, Revenue and Economic Affairs Dr Shamshad Akhtar said on Tuesday Pakistan was committed to fostering investors’ confidence and maintaining a positive rating in global financial markets.…

The registered taxpayers in Pakistan reached the record at nearly 10 million but only 4.4 million of them filed annual tax returns and one-fourth actually paid any taxes in the…