Asad Umar meets senior IMF officials, WB President in Washington
WASHINGTON: Finance Minister Asad Umar met senior officials of International Monetary Fund for negotiations to secure a bailout package. The Minister also met the World...
world bank
Bailout package: Indian lobby launches campaign to prevent IMF from Pakistan deal
WASHINGTON: Pakistan is going to hold crucial talks with the International Monetary Fund (IMF) for securing bailout package to overcome the expected balance of payment...
Pakistan imports from India fall considerably
KARACHI: As Pakistan trade with India has come to a standstill following the Pulwama attack, Pakistan is faced with numerous opportunities as well as challenges...
Poor water management costs $12 billion to Pakistan every year: WB
ISLAMABAD: Pakistan’s poor water management cost the country a conservatively estimated loss of 4 per cent of GDP or around $12 billion per year, according...
World Bank President Jim Yong Kim resigns
WASHINGTON: World Bank President Jim Yong Kim has announced to resign next month. Jim Yong Kim said he is going to step down next month,...
Pakistan announced ‘best’ country in South Asia
WASHINGTON: International organization “Emerging Markets” has declared Pakistan the ‘Best Country for Infrastructure Development in South Asia,’ according to a publication of the IMF/World Bank...
India: Bihar state slaps ‘luxury’ tax on samosas
PATNA, INDIA- The government in one of India’s poorest states is to tax samosas as a “luxury”, International media reports....
World bank approves 50 million dollar loan for Pakistan
ISLAMABAD: World Bank on Thursday issued press release stating that it has approved loan for Pakistan Southern province Sindh....
Punjab govt wants speedy work on hydel projects: CM
LAHORE: Chief Minister Punjab Shahbaz Sharif has said that his government wanted to speedy work on small hydel projects in the province, while the government...
$12 billion WB loan approved for Pakistan
ISLAMABAD: The World Bank has approved $12 billion loan for cash-strapped Pakistan to be given out in a period of five years, the loan will...