Tag: #worldbank
-
World Bank High Level Delegation Visits PIA Office
A high-level delegation of the World Bank has reportedly praised the efforts of Pakistan International Airlines (PIA), amidst the withdrawal of the United States and other forces from Afghanistan. According to reports, they thanked the efforts of PIA in evacuating World Bank members from Kabul. The delegation which was led by Director Strategy included heads…
-
Pakistani Economy: The highs, lows & the need for action
This opinion has been shared by Muhammad Asim Siddiq. Pakistan’s economy has always been in turmoil. Although Pakistan inherited only a handful of institutions, at that time there was a viable administration that helped the Pakistani economy to reach a stable level by 1950. In the Korean War, Pakistani cotton, Pattsun earned a lot of…
-
Developing countries must engage with Joe Biden’s initiative to make multinationals pay more taxes
This opinion article is by José Antonio Ocampo. In most developing countries, we have learned not to have too many expectations when a new tenant is installed in the White House. However, we should applaud the good initiatives of the new administration, such as the decision earlier this month to back waivers on COVID-19 vaccine…
-
PM’s initiatives making Pakistan an investor-friendly country
Through industrial diversification, the long-term economic development of any country is dependent upon its productive material capabilities and the types of products that it produces for exports. Even, South-East Asian countries are now gradually moving up the industrial ladder and have developed capabilities for the production of more complex and sophisticated products, which are much…
-
World Bank rolls out vaccine funds for impoverished Asian nations
Washington, March 18 (AFP/APP):The World Bank on Thursday announced financing for Afghanistan, Bangladesh and Nepal to vaccinate their populations against Covid-19. Afghanistan will receive $113 million — including $60 million from the International Development Association (IDA), part of the Washington-based development lender that helps the world’s poorest nations — to “deploy safe and effective Covid-19…
-
Gender equality and empowerment of women is a dream of Shaheed Mohtarma Benazir Bhutto: Bilawal Bhutto Zardari
ISLAMABAD/KARACHI, March 7: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has said that gender equality and empowerment of women is his party’s manifesto and a dream of Shaheed Mohtarma Benazir Bhutto, for which the party leadership and every Jeyala (party worker) are struggling to make a reality. Irish novelist Edna O’Brien granted France’s highest…
-
PIA assets face huge loss at the hands of BVI
Lahore, 7th January: The Court of British Virgin Islands (BVI) has ordered to freeze the assets of the Pakistan International Airlines (PIA). Baaghi TV: The British Virgin Island Court, where PIA is registered, has ordered the freezing of PIA assets including its two international hotels. According to reports, this is in the Riko Diq copper…
-
World Bank Says that Economics Situations will Worsen due to Covid-19
Washington, Jan 5 (AFP/APP): The World Bank on Tuesday downgraded its outlook for the global economy, and warned the situation could deteriorate if Covid-19 infections accelerate or the vaccine rollout is delayed. The coronavirus pandemic also has worsened the risks surrounding the rising debt load in developing nations, and it will take a global effort…
-
Punjab all out to exploit tourism industry’s multi-billion dollar potential
This opinion article is by Dr. Saeed Ahmad Ali. LAHORE, Dec 27: The unmatched natural-scenic beauty of Pakistan and Kashmir regions has a great attraction for both domestic and international tourists, famous all around the world for its sky touching mountains, green valleys, mighty rivers, beautiful lakes and variety of amazing wild life. Geographically and…
-
UN, World Bank urge school openings amid pandemic
United Nations, United States, Oct 29 (AFP/APP):The UN and World Bank pleaded in a new report Wednesday for schools to remain open despite Covid-19 risks, highlighting the damage the pandemic has inflicted on children’s education, especially in poor nations. Children in impoverished countries have been deprived of close to four months of schooling since the…