Tag: sanctions

COMSTECH sanctions 10-year action plan for scientific advancement

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article image STAFF REPORT ISB: Pakistan is facilitating the two-day COMSTECH General Assembly in the capital, where delegates from 57 Muslim countries have accumulated to propose a 10-year action plan worth $2.1 billion including initiatives for advancement of science and technology. Participants of the General Assembly mentioned that advancement of science is the best articulation of human capacities and specified that for the same reason, the Muslims researchers had assumed a huge part till sixteenth…Read More

WB sanctions $500 million to Pakistan for energy reforms

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article image STAFF REPORT ISB: The energy sector of Pakistan has been in tatters for past few years and industrialization and domestic decree due to power shortage has left a number of unemployment and other associated social issues. The World Bank (WB) has recently approved an amount of $500 million financial support to Pakistan which will be soon processed. This was revealed by Ministry of Finance. The sources apprised that the amount has been sanctioned in lieu of carrying out energy sector…Read More

WB sanctions $500 million to Pakistan for energy reforms

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article image STAFF REPORT ISB: The energy sector of Pakistan has been in tatters for past few years and industrialization and domestic decree due to power shortage has left number of unemployment and other associated social issues. The World Bank (WB) has recently approved an amount of $500 million financial support to Pakistan which will be soon processed. This was revealed by Ministry of Finance. The sources apprised that the amount has been sanctioned in lieu of carrying out energy sector reforms…Read More