• 25 November, 2024
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World Bank

Pakistan borrows USD 14.3 billion foreign loans in FY21

Islamabad [Pakistan], July 20 (ANI): Pakistan Ministry of Economic Affairs reported on Monday that the government received USD 14.283 billion foreign loans during the fiscal year 2020-21, compared to USD…

Despite Imran Khan’s promise to reduce circular debt to zero, Pakistan adds Rs 498 billion in FY21

Islamabad [Pakistan], July 4 (ANI): The continuous increase in the flow of the circular debt during the third year of Imran Khan's Tehreek-e-Insaf (PTI) government is against the promises that…

World Bank approves USD 800mn loans to Pakistan

Washington DC [US], June 30 (ANI): The World Bank on Tuesday approved USD 800 million in financing for two programs in Pakistan--the Pakistan Program for Affordable and Clean Energy and…

Poverty in Pakistan rises to over 5 pc in 2020, estimates World Bank

Islamabad [Pakistan], June 22 (ANI): The World Bank (WB) has estimated that poverty in Pakistan has increased from 4.4 per cent to 5.4 per cent in 2020, as over two…

The Great Chinese Loan Trap

Chinese Loans to Other Countries Predatory, Opaque in Nature Chinese loans have surpassed lending by the World Bank and the International Monetary Fund combined together. It has become the largest…

World Bank, ADB delay USD 1 billion loans to Pakistan

Islamabad [Pakistan], June 15 (ANI): In a major setback for Pakistan's dwindling economy, two of its largest lenders - World Bank (WB) and Asian Development Bank (ADB) -- have deferred…

Imran Khan: Between Frying Pan and Fire

Imran Khan: Between Frying Pan and Fire The implosion in the Pakistan Democratic Movement  (PDM) is being seen by Imran Khan and his cronies as the fizzling out of the…