Needs assessment report says this amount does not include investments needed to strengthen country’s climate change adaptation
world bank
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
Finance minister says Pakistan will not seek debt restructuring from Paris Club creditors following devastating floods
In its October 2022 development update, global lender attributes slowdown to floods, high inflation and an unfavorable global environment
PTI chief tells Lawyers Convention economic stability can only be achieved through establishing rule of law
Pakistan Will Not Default on Debts despite Floods, Vows Miftah Ismail
by Staff Reportby Staff ReportFinance minister admits path to stability has become ‘narrower,’ as IMF says it will work with global community to support relief efforts
With a reduction in its budget for the upcoming fiscal, the Walled City of Lahore Authority fears it lacks funding needed for ongoing restoration efforts
Global lender keeps economic growth forecast unchanged at 4% but notes ‘increased’ near-term risks, primarily due to imports of oil, commodities
Global lender’s report notes ‘surprising’ improvement to Pakistan’s economy due to remittance inflows, domestic demand and targeted lockdowns
Curbing Urban Expansion Essential to Counter Climate Change: Imran Khan
by Staff Reportby Staff ReportPakistan’s prime minister regrets country among 10 most vulnerable countries despite contributing less than 1% in global carbon emissions
Energy minister announces moratorium on new gas connections, adding government will now prioritize industry over domestic consumption
Finance minister says International Monetary Fund will validate data shared by Pakistan on tax collection, gas and power tariffs
Under the leadership of Akhtar Malik, the province’s Energy Ministry hopes to attract international recognition and investment for its efforts to ‘go green’
Finance minister informs new resident representative Islamabad is pursuing sustainable economic growth aimed at uplifting marginalized segments of society
Pakistan’s foreign minister claims sustainable development, promotion of human rights requires Afghanistan to be peaceful, economically sound
Financing agreement to support Islamabad’s transition to low-carbon energy and help strengthen basic service delivery
Global institution warns recovery remains fragile largely due to unexpected shocks from ongoing spread of COVID-19
Pakistan’s prime minister claims country seeing ‘explosion’ of tourism that needs to be sustainably developed and expanded
AGP hails ‘success’ of country and its legal team, noting quantum of ruling could cause great economic hardship
Benchmark rate slashed fourth time in four months to help economy recover from impact of COVID-19