Tag: WB

WB approves additional $35m for water resources

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article image STAFF REPORT ISB: The World Bank has approved an additional financing of $35 million to support improved management, planning and development of water resources in the Indus River Basin with better environmental and social considerations. This financing would help enhance the government's capacity to address the basin level management of Indus water resources, including support to climate-change adaptation and mitigation measures. "Water sector issues are enormous and complex and…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

WB tender support to Pakistan to deal with Climate Change

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article image STAFF REPORT ISB: Pakistan requires support from both internal and external circles in order to fight climate change. The World Bank (WB) has tendered support for Pakistan to develop carbon-resilient sustainable growth regime. A meeting was recently held between a three member delegation of WB and the officials of Ministry of Climate Change (MoCC). The WB delegation was led by Lead Economist Muthukumara S Mani. The session was highly productive in establishing joint partnership for…Read More

WB tender support to Pakistan to deal with Climate Change

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article image STAFF REPORT ISB: Pakistan requires support from both internal and external circles in order to fight climate change. The World Bank (WB) has tendered support for Pakistan to develop carbon-resilient sustainable growth regime. A meeting was recently held between a three member delegation of WB and the officials of Ministry of Climate Change (MoCC). The WB delegation was led by Lead Economist Muthukumara S Mani. The session was highly productive in establishing joint partnership for…Read More

WB backs out of Thar coal project over pollution issue

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article image STAFF REPORT KHI: The World Bank has pledged to finance a $30 million project relating to Thar coal but later withdrew its support citing a policy change’ as the reason, said Sindh Law and Parliamentary Affairs Minister Dr Sikander Mandhro told the assembly. He said this while responding to questions regarding the energy department during the assembly session. Dr Mandhro said that the World Bank had changed its policy because of environmental concerns relating to pollution…Read More

WB signs $665m financing for power, agriculture projects

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article image STAFF REPORT ISB: Pakistan and World Bank have signed financing agreements worth $588.4 million and $76.4 million for the development of Dasu hydropower project and Sindh Agricultural Growth Project respectively. The Water and Power Development Authority (Wapda) chairman, National Transmission and Dispatch Company (NTDC) managing director and World Bank Country Director Rachid Benmessaoud inked the agreement for the Dasu project. For the agriculture growth programme, the Sindh…Read More

WB discusses future IT promotions in Pakistan

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STAFF REPORT IBD: The World Bank Mission has recently reviewed the progress that has been achieved by the government Pakistan to achieve the collaborative targets in the Information and Communication and (ICT). The WB team has recently called on Minister of State for Information Technology Anusha Rehman in Islamabad with special focus on future developments in the ICT policies. During the meeting, the minister explained to the mission the efforts that have been started by the new…Read More

Rs.250m WB irrigation project okayed for Punjab

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article image STAFF REPORT IBD: The World Bank-funded $250 million Punjab Irrigated Agriculture Productivity Improvement Programme Project (PIPIPP), approved recently, aims at construction of high-efficiency irrigation systems in the province.The irrigation systems include drip, bubbler, sprinkler, over an area of about 120,000 acres, improving about 9,000 watercourses, improvement in irrigation agronomy and improvement in project management, supervision, technical assistance, training and strategic studies,…Read More

WB to provide Rs.1.9b for Tarbela power project

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article image STAFF REPORT KHI: The World Bank has approved to provide $1.09 billion loan to Pakistan for enhancing supply of electricity from the Tarbela Hydropower Project and improving the irrigation methods for the farming community.According to details,$840 million of the total loan amount would be utilized for capacity extension of the Tarbela Hydro Power Project by 1,410 MW, which would shift the power generation from expensive fuel oil to cheaper hydropower technology. Whereas, the remaining amount…Read More