A World Bank Environmental and Social Safeguards Mission visited the Social Resettlement and Management Plan (SRMP) project being implemented by the Sindh Rural Support Organization (SRSO) in collaboration with the Sindh Irrigation and Drainage Authority (SIDA) to assess the progress and impact of ongoing interventions. According to SRSO Spokesperson here on Tuesday, the visit began […]
World Bank
Ambassador Sheikh reaffirms Pak’s enduring partnership with WB
Pakistan’s Ambassador to the United States, Rizwan Saeed Sheikh, Saturday, reaffirming the importance of Pakistan’s enduring partnership with the World Bank, stressed that sustained collaboration on ongoing and future projects would be key to delivering meaningful development outcomes. The ambassador met with World Bank President Ajay Banga. During the meeting, Ambassador Sheikh presented President Banga […]
World Bank approves $376m to boost Pakistan’s electricity grid
The World Bank’s Board of Executive Directors approved $375.9 million in financing for Pakistan’s Grid Stability Enhancement Project, to strengthen the country’s national power transmission network under the Boosting Energy Security through Transmission in Pakistan (BEST-PAK) Multiphase Programmatic Approach (MPA). The project is the first phase of a 10-year program to help Pakistan modernise its […]
Sindh invites WB to invest in transport sector, seeks technical assistance
A delegation from the World Bank met with Senior Minister of Sindh and Provincial Minister for Information, Transport and Mass Transit Sharjeel Inam Memon, in which various issues related to transport projects underway with the support of the World Bank, improvement of public transport, investment opportunities, future infrastructure projects and urban development were discussed in […]
Venezuela earthquakes death toll rises above 2,600
The death toll from the devastating earthquakes in Venezuela has climbed to more than 2,600, according to the country’s interim president, as rescue teams continue searching for survivors in affected areas. Interim President Rodríguez said the number of confirmed deaths had reached 2,600, while more than 11,000 people have been injured in the disaster. Officials […]
World Bank urges Pakistan to revise NFC Award
The World Bank has recommended that Pakistan revise the National Finance Commission (NFC) Award formula to improve fiscal federalism, strengthen revenue collection and ensure a more equitable distribution of resources among the provinces. The recommendations were presented in the World Bank’s report, Strengthening Fiscal Federalism in Pakistan, launched by lead economist Tobias Haque and Country […]
WB urges stronger fiscal federalism to sustain growth, improve services
The World Bank on Wednesday, in its report titled “Strengthening Fiscal Federalism in Pakistan,” stressed the need to reform the country’s system of resource distribution among federal, provincial and local governments. It warned that stronger fiscal coordination was essential to sustain economic stability, improve public service delivery and effectively respond to the demands of a […]
Punjab secures $70 million World Bank support
The World Bank has approved $70 million for Punjab’s digital transformation programme to expand broadband access and modernise public services. The funding will support the Connected Punjab initiative through 2031. The programme aims to improve digital connectivity and government services for millions of residents. According to the World Bank, the project will expand broadband internet […]
WB team satisfied with progress on Fifth Tarbela extension project
A high-level delegation of the World Bank, led by its Country Director for Pakistan, Bolorma Amgaabazar, visited the under-construction Tarbela Fifth Extension Hydropower Project (T-5) and expressed satisfaction over the pace and quality of work being carried out on the strategic energy project. During the two-day visit, the delegation was given a comprehensive briefing on […]
Pakistan’s external debt reaches $92.2 billion
Pakistan’s government external debt stood at $92.2 billion at the end of March 2026, according to the Economic Survey of Pakistan 2025-26, highlighting the country’s continued reliance on external financing while showing a slower pace of debt accumulation compared to the previous year. The survey revealed that during the first nine months of fiscal year […]