Report finds that despite high levels of concern, support for personal and government action remains low
world bank
World Bank Highlights Policy Shifts Needed for Prosperity in Pakistan
by Staff Reportby Staff ReportIn visit to Islamabad, World Bank vice-president for South Asia warns country’s economy is stuck in ‘low growth trap’ with poor human development outcomes
Interim Minister Backs Civil Service, Taxation Reforms to Fix Economy
by Staff Reportby Staff ReportFawad laments poor performance of FBR, noting it only collects 7 percent of total tax revenue while 93 percent is voluntary or withholding
Shamshad Akhtar indicates Pakistan will need to secure a medium-term loan from the IMF immediately after conclusion of ongoing SBA
Supply Disruptions Due to Israel-Gaza Conflict Can Boost Global Oil Prices: World Bank
by Staff Reportby Staff ReportGlobal lender warns ‘large disruption,’ can boost prices 56-75 percent above baseline forecast of $90/barrel
World Bank Urges Pakistan to Bring Agriculture, Real Estate into Tax Net
by Staff Reportby Staff ReportLender claims country can generate revenue of up to 4 percent of GDP by bringing into tax net traditionally exempt sectors
World Bank Advises Public Offerings in Stocks for Privatization of SOEs
by Staff Reportby Staff ReportGlobal lender warns plan to sell stakes through government-to-government contracts risk litigation
Privatizing of PIA, DISCOs seen as crucial to reduce government expenditures, attract private investment
Global lender suggests sharp fiscal adjustment, broad-based reforms to curtail economy’s vulnerability to domestic and external shocks
World Bank Advises Consensus within Pakistan on Much-Needed Economic Reforms
by Staff Reportby Staff ReportGlobal lender calls for ending tax exemptions; bringing real estate and agriculture sectors into tax net to reduce poverty, increase employment
Program aims to boost utilization of family planning services by providing free access in all districts of the province
National Economic Council Approves Rs. 2.709tr Development Budget for FY24
by Staff Reportby Staff ReportForum sets economic growth target at 3.5%, significantly higher than 2 percent forecast by the World Bank
Global lender’s outlook report forecasts inflation in current fiscal to hit 27% before declining to 21.9% next year
ADB, World Bank Forecast Pakistan’s Economic Growth Sliding to Less than 1%
by Staff Reportby Staff ReportLenders call for structural reforms and speedy revival of IMF program amidst rampant inflation
With few options left to bolster financing needs, government reviews reforms mandated by the global lender
Citing impact of floods and global slowdown, lender says growth rate should improve marginally to 3.2 percent next year
Needs assessment report says this amount does not include investments needed to strengthen country’s climate change adaptation
IMF to Support Flood-hit Pakistan in Line with UNDP, World Bank Assessment
by Staff Reportby Staff ReportGlobal lender’s official reiterates untargeted subsidies often prove regressive and are not best use of limited resources