Wednesday, December 2, 2020

World Bank

World Bank asks bilateral creditors to suspend debt payments from IDA countries

The World Bank Group and International Monetary Fund have issued the following joint statement to the G20 concerning debt relief for the poorest countries: The coronavirus outbreak is likely to have severe economic and social consequences for IDA countries, home...

Trump censure World Bank on lending to China

US President Donald Trump has called on the World Bank to stop lending to China. "Why is the World Bank lending money to China? Can that be possible? China has a lot of money, and if not, they can...

PM Imran Khan opted for difficult but achievable tax targets: Mian Zahid

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain lauded the annual budget terming it visionary and reflective of...

Prime Minister Imran Khan meets CEO, World Bank

The Prime Minister met Ms. Kristalina Georgieva, CEO of the World Bank on the sidelines of the second Belt and Road Forum (BRF), says a press release received here today from Beijing, China. He was accompanied by the Foreign...

Bearish trend at PSX reflects uncertainty in business and trade: Mian Zahid

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday said that it’s looking impossible to hit GDP...

Asad launches MTEF report

Pakistan's Finance Minister Asad Umar launched the Medium-Term Economic Framework (MTEF) report titled ‘Road map to Stability, Growth and Productive Employment’. The policy framework has been developed based on inputs from the Prime Minister Economic Advisory Council (EAC) and development...

Are the poor getting poorer and poorer?

The new Oxfam report claims a drastic impoverishment of the lower half of the world's population. But experts disagree. World Economic Forum in Davos, the organization Oxfam again presented its annual report on the substantive inequality in the world,...

WB to ramp up finance upto $ 50 billion for climate change adaptation and resilience

The World Bank Group on Thursday launched its Action Plan on Climate Change Adaptation and Resilience. Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level—an...

Pakistan and World Bank signs agreement worth $100 million for Sindh Solar Energy Project

Pakistan and World Bank here on Wednesday signed a Financing Agreement worth US $ 100.0 million for “Sindh Solar Energy Project” with the objective to increase solar power generation and access to electricity in Sindh Province. The project will support...
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NATO: Early withdrawal could expose Afghanistan to terrorism

NATO said that an early withdrawal from Afghanistan could leave the country a haven for international terrorism. The Secretary-General of...
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Trump’s European allies resisted sanctions on Iranian banks

A diplomatic correspondence showed that Germany, France, and Britain urged the administration of US President Donald Trump in late October to reconsider imposing new...

Britain to keep the Christmas shut until Easter in April

Easter has been set to lift the strict Corona lockdown rules in the United Kingdom, which were approved by the government during the Christmas...

10 things you didn’t know about the Iranian nuclear scientist Mohsen Fakhrizadeh

The assassination of the Iranian nuclear scientist Mohsen Fakhrizadeh, whose name, life, and position he used to hold in Iran was released into the...

Biden appointed Linda Thomas-Greenfield as UN ambassador

US President-elect Joe Biden said that the US Secretary of State, Anthony Blinken, will work to restore US foreign relations, explaining that Mayoras will...