To address the growing air pollution crisis in Punjab, the Board of Directors of the World Bank Group approved the International Development Association loan worth $ 300 million (IDA) for the Punjab Punjab program (PCAP). The initiative aims to enhance air quality management and anti -pollution across the main sectors, which is in line with … Read more
Samba Bank, Limited, took a step towards a transition to a complete Islamic bank, as it granted the Board of Directors approval to transfer from traditional banking services. The bank said in an organizational file to the Pakistani Stock Exchange (PSX) on Thursday: “The Board of Directors of Samba Bank, Ltd., in principle, agreed to … Read more
Canada Bank reduced the main policy rate by 25 basis points to 2.75 % on Wednesday, cautiously of the economic risks of the US tariff. The central bank said it will continue with caution with more prices because it balances inflation pressure from high costs against poor demand. The seventh consecutive rate of mitigation in … Read more
Majalengka: Waiting for the breaking of their fast during the Islamic month of Ramadan, the clergy gathered in the Indonesian town of Majalengka to unusual briefing on the issue of inflation, led by the country’s central bank. The letter of the Islamic Central Bank and clergy official at the Islamic Center in the city was … Read more
The warning is slipped due to the potential withdrawal of Washington from international institutions, including the International Monetary Fund and the World Bank, with US Treasury Secretary Scott Payet not appearing in the G20 meetings to anxiety. So what is the International Monetary Fund and the World Bank and what happens if the United States … Read more
BOK Bank has started the transfer process from a traditional bank to a fully Islamic financial institution, according to an official notice sent to the Pakistani Stock Exchange (PSX) on Thursday. In a letter to PSX, BOK officially announced the transition according to Article 96 of the Securities Law, 2015, and paragraph 5.6.1 (A) from … Read more
IslamabadFinance Minister Mohamed Uranzib met a delegation from the World Bank (WB) on Wednesday to provide Pakistan’s economic expectations and the schedule of comprehensive reform work for the government, according to the Finance Department. The minister highlighted the main structural reforms, focusing on filling revenues, improving the energy sector, and restructuring and privatizing state -owned … Read more
IslamabadA delegation of the World Bank Executive Directors (WB) arrived in Islamabad on Monday to review the progress made within the framework of development of $ 40 billion, with the aim of helping Pakistan economically. The visiting delegation is scheduled to meet Prime Minister Shaybaz Sharif, Finance Minister Mohamed Orangezib and other federal ministers during … Read more
A delegation of nine executives (two edities) from the World Bank Group (WBG) arrives in Pakistan today (Monday), which represents the first high -level visit in nearly 20 years. The delegation, combined with 88 member states of the Board of Directors of the World Bank, will participate with the main government officials and stakeholders to … Read more
The World Bank has agreed to extend a new loan of $ 1 billion for the first stage of the DSU hydroelectric project, pending the approval of the concept of the revised project 1 (PC-1), which now reflects a major escalation of costs. The estimated cost of the project increased by 190 % from 586 … Read more