ISLAMABAD - A high-level Pakistani delegation has left for United States of America on Tuesday to attend annual mandatory spring talks with IMF and World Bank.Adviser to Prime Minister on Finance, Dr Shahid Amjad Chaudhry is heading the delegation. Secretary Finance Division, Secretary Economic ...

DHAKA- Bangladesh’s economic growth may slow to 5.8 percent in the fiscal year to June 2013, compared with the government target of 7.2 percent, the World Bank said on Saturday.“The economic growth in the fiscal year of 2013 is likely to fall to 5.8 percent compared with 6.3 percent in ...

ISLAMABAD - At a time when country’s economic situation is in morass due to depleting foreign reserves and soaring budget deficit, Pakistan would hold key talks with United States of America, International Monetary Fund and World Bank from next week.Pakistan’s economic team, likely to ...

WASHINGTON - Global food prices continued to decline for six consecutive months, but still remain very high and close to their historical peaks, the World Bank said on Wednesday.In its quarterly Food Price Watch report, WB said food prices continued to fall between October 2012 and February 2013 on ...

PESHAWAR - The launching ceremony of the World`s Bank, “Pakistan Youth Initiative Programme with University of Peshawar” was held at the Pashto Cultural and Heritage Museum, University of Peshawar. The programme has been launched for the first time in Pakistan and is part of the South ...

Lahore (PR) - Turner Broadcasting Systems Asia Pacific, Inc. is to launch a new entertainment channel in Pakistan - WB. Available in homes across Pakistan from today, WB is Turner’s brand new 24-hour, English entertainment channel. This launch bolsters Turner’s commitment to ...

It is probably after a long time that an international financial institution of the stature of World Bank has praised the timely utilisation of funds and completion of projects on schedule by the Punjab government. World Bank Country Director Rasheed bin Masood declared Punjab a role model for ...

LAHORE – A World Bank delegation called on Wapda Chairman Raghib Shah at Wapda House on Wednesday to discuss ways and means to enhance mutual cooperation for water and hydropower projects. The delegation was headed by South Asia Region Sector Manager, Environment and Water Resources Unit, ...

KARACHI - The Chief Secretary Sindh, Raja Muhammad Abbas, has assured the 5th World Bank Mission to extend the best cooperation and coordinated efforts regarding the World Bank assistance programme in Sindh province.A statement here on Tuesday said that he appreciated the World Bank’s ...

ISLAMABAD – The World Bank's Board of Directors has approved a $24 million second additional financing for the Third Partnership for Polio Eradication Project (TPPEP) to support Pakistan government’s efforts to immunise about 34.8 million children against polio, with the goal of ...

ISLAMABAD - The World Bank’s Board of Executive Directors has approved two credits totaling $220 million for the Punjab government. The credits are from the International Development Association (IDA), the World Bank’s concessionary lending arm. These carry a 0.75pc service charge, ...

LAHORE  - The World Bank has agreed to provide financial assistance for 4320 MW-Dasu Hydropower Project which will be constructed in phases.This was stated by Water and Power Development Authority (WAPDA) Chairman Shakil Durrani while presiding over a meeting at WAPDA House, Lahore, to discuss ...

KARACHI - Federation of Pakistan Chambers of Commerce and Industry President Haji Fazal Kadir Khan Sherani has said that World Bank is Pakistan’s strong partner in socio-economic development. He said this while exchange views with Dan Biller, leading economist South Asia Sustainable ...

SIALKOT - A World Bank delegation pledged to provide all the required technical assistance and guidance to Sialkot business community, besides initiating a Business Regulatory Environment Study to develop Sialkot industries on modern lines and find solutions to their problems.The delegation ...

ISLAMABAD - The World Bank’s Board of Directors on Friday approved two projects totalling $550 million aimed at supporting Pakistan’s effort to strengthen the education and natural gas sectors, which are critical to Pakistan’s growth and development. According to the press ...

WASHINGTON – Federal Finance Minister Hafeez Sheikh has said that the World Bank is to invest $1 billion in energy and economic sectors while the US would provide $ 223 million for Mangla and Kuram Tangi dam projects.Talking to media after meetings with World Bank and IMF officials, the ...

ISLAMABAD - Minister for Finance Dr Abdul Hafeez Sheikh has stated that World Bank has allocated an unprecedented amount of $1.8 billion for Pakistan’s development projects, mainly in energy sector for current year.Dr Abdul Hafeez Shaikh said it after holding a meeting with Vice President of ...

The aid dependent economy of Pakistan will receive another $ 1.8 billion from World Bank during current year to up grade and complete development projects in energy and water sectors. Regarding this Finance Minister Dr.Abdul Hafeez Shaikh hold a meeting with Vice President of the World Bank Isabel ...

ISLAMABAD – The World Bank and Pakistan have signed on Thursday, agreements of five projects for a total amount of US$ 1.125 billion, out of which $ 35 million will be provided as a grant. Dr. Waqar Masood Khan, Secretary Economic Affairs Division and Rachid Benmassoud, Country Director of ...

ISLAMABAD - The Government has signed an agreement with World Bank amounting to $150 million as Additional Financing for Social Safety Net Project on Monday.Dr Waqar Masood Khan, Secretary, Economic Affairs Division on behalf of the Government of Pakistan and Rachid Benmessaoud, Country Director, ...

KARACHI - A seven-member delegation of World Bank on Thursday reviewed the performance of Benazir Bhutto Shaheed Youth Development Programme (BBSYDP).The delegation, under the supervision of Andreas Blom, held a meeting with Provincial Coordination Unit of BBSYDP at the latter’s office.BBSYDP ...

ISLAMABAD  - The World Bank (WB) approved a credit worth $150 million as additional financing for the Pakistan Social Safety Net Project aimed at supporting the expansion and strengthening the performance of country’s safety net system under the Benazir Income Support Program (BISP).The ...

ISLAMABAD  - The World Bank (WB) is likely to remain engaged in the critical issues of revenue mobilization etc. through analytical work, ongoing projects and exploring results based operations.Although the Bank may not be able to provide policy support to Pakistan given the weak conditions ...

WASHINGTON — Developing countries should prepare for further downside risks, as Euro Area debt problems and weakening growth in several big emerging economies are dimming global growth prospects, the World Bank said in a new report released on Wednesday The Washington-based bank said it was ...

ISLAMABAD - The World Bank has observed that Pakistan’s weak economic growth is due to worsening security condition accompanied by greater political uncertainty and a breakdown in policy implementation. It predicted country’s economic growth at 3.9 per cent during the year 2012.The ...

KARACHI  - Dr Kalpana Kochhar, Chief Economist for the South Asia Region, World Bank, visited IBA Karachi, the Centre for Executive Education on Thursday to share an enlightening report about `More and Better Job Opportunities in South Asia'.An IBA statement said that she was accompanied by ...

SYDNEY (AFP) - World Bank chief Robert Zoellick said Sunday that investors had lost confidence in the economic leadership of several key countries, warning global markets were in a new danger zone as a result. Zoellick said a convergence of events in the United States and Europe had rattled ...

WASHINGTON (Reuters) - The International Monetary Fund has postponed talks in Pakistan next week due to security concerns, an IMF spokesman said Wednesday, delaying a deal to disburse more than $3 billion in funds to the country. An IMF mission to meet Pakistani authorities in Islamabad ... has ...

ISLAMABAD (APP) The World Bank on Wednesday reaffirmed its commitment to administer the $140 million Multi-Donor Trust Fund (MDTF) for Khyber Pakhtunkhwa (KP), the Federally Administered Tribal Areas (FATA) and Balochistan on behalf of its ten donors. According to a statement issued by the Fund ...

WASHINGTON (AFP) - Global finance chiefs warned Saturday that rising food prices, unanswered joblessness, Mideast turmoil and weak finances in advanced economies could still derail economic recovery. We are one shock away from a full-blown crisis, said World Bank president Robert Zoellick about the ...