World Bank (WB)

IMF Mission ISLAMABAD: The International Monetary Fund (IMF) review mission has prolonged its stay in Pakistan by a day, signaling a lack of consensus between both parties regarding a staff …

IMF Bailout Package ISLAMABAD: Pakistan is gearing up to formally request a larger and extended bailout package from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF). According …

Economic Challenge ISLAMABAD: Pakistan’s energy sector circular debt has surged to a record Rs5.73 trillion, surpassing earlier estimates by Rs1.5 trillion and posing a significant economic challenge. Official documents reveal …

Global Economic Recovery In a recent report, the World Bank’s economists have sounded the alarm about the potentially devastating impact on the global economy recovery due to the escalating crisis …

Economic Model The World Bank Country Director, Najy Benhassine, notes that Pakistan’s existing economic model is ineffective as it lags behind comparable nations. The substantial advancements in poverty reduction are …

The Asian Development Bank (ADB) confirmed the signing of a $1.2 billion loan agreement with Pakistan on Wednesday. This significant deal, finalized on December 15, encompasses funding for budget financing …

The United Arab Emirates (UAE), a longstanding ally of Pakistan, has once again extended support to the financially struggling nation. This assistance was confirmed during a meeting between the International …

Fund Pledge ISLAMABAD: The visiting staff mission of the International Monetary Fund (IMF) has initiated direct communications with key bilateral partners to confirm committed support to Pakistan, addressing the external …

Privatization Approach ISLAMABAD: The World Bank expressed concerns about Pakistan’s privatization approach for its state-owned entities (SOEs). It highlighted the negative impacts of judicial activism, political interference, the sale of …

PIA’s Sell-off Strategy ISLAMABAD: On Thursday, Privatization Minister Fawad Hassan Fawad restated the government’s determined commitment to divest major loss-making state-owned enterprises, aiming to prevent a substantial drain on financial …