PM Highlights Pakistan’s Reforms in Meeting with World Bank President New York: Prime Minister Sharif met with World Bank Group President Ajay Banga on the sidelines of the 80th United Nations General Assembly, updating him on Pakistan’s wide-ranging reform agenda. The discussions covered efforts in resource mobilization, energy sector reforms, privatization, and measures aimed at […]
UAE Dirham Holds Steady Against Pakistani Rupee Amid Strong Economic Momentum The UAE Dirham (AED) has maintained its stability following a solid performance in June. The currency appreciated by 0.81 PKR last month, rising from 76.44 PKR at the start of June to 77.25 PKR by month-end, even reaching a peak of 77.61 PKR on […]
The Deputy Prime Minister and Finance Minister held a meeting to discuss problems in the power sector. The ministers for power and petroleum, advisor Tariq Bajwa, and senior officials from the finance and power ministries were also present. They talked about how to make the power system more stable with better financial planning and how […]
At the end of two days of intense negotiations in London, U.S. Commerce Secretary Howard Lutnick told reporters the framework deal puts “meat on the bones” of an agreement reached last month in Geneva to ease bilateral retaliatory tariffs that had reached crushing triple-digit levels. But the Geneva deal had faltered over China’s continued curbs […]
According to the ADB’s official statement, the amount for Pakistan has been approved under the Resources Mobilization Reforms Program. The statement further stated that Pakistan enjoys the majority of support at the Asian Development Bank (ADB). Earlier, it was reported that the World Bank (WB) to invest $40 billion in Pakistan during 2026 to 2035 […]
According to the documents, the Ministry of Economic Affairs has begun developing a comprehensive implementation framework to support the initiative, which aligns with the government’s priorities and the National Economic Transformation Plan, Uraan Pakistan. For the first time, the World Bank has adopted a 10-year framework instead of its usual five-year strategy, signaling a long-term […]
The prime minister passed these remarks in a meeting with a World Bank delegation led by Managing Director of Operations Anna Bjerde that called on him in Islamabad. PM Shehbaz lauded the World Bank’s ‘key’ role as an important development partner in Pakistan’s progress. The prime minister hoped that the World Bank’s Country Partnership Framework […]
Federal Minister for Water Resources, Moeen Wattoo, presented the resolution, emphasizing that the Indus Waters Treaty is Pakistan’s lifeline and cannot be unilaterally terminated by India under any circumstances. The resolution called on the government to take concrete steps to counter India’s unlawful actions. Indus Water Treaty cannot be suspended unilaterally: World Bank Earlier, the […]
The visiting delegation was led by Ms. Esperanza Jelalian, Vice President of the US-Pakistan Business Council, and comprised senior representatives of prominent American companies and major investors active in Pakistan. Finance Minister Aurangzeb appreciated the continued interest and investments by US companies in Pakistan’s economy, and highlighted the vast potential for expanding economic cooperation between […]
The international lender okayed $78 million in additional financing to Khyber Pakhtunkhwa Rural Accessibility Project (KPRAP); and $30 million to Khyber Pakhtunkhwa Integrated Tourism Development Project (KITE), enabling both projects to achieve their objectives in improving access to health and education services, markets and jobs, in a way that strengthens resilience to natural disasters in […]
