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WB approves $149.7 million for two Pakistani projects

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9 months ago

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Details show that the funding was approved to support projects pertaining to enhanced flood resilience and the digital economy.

The global financial organization made this clear in a statement.

Financial management is anticipated to be improved through data-driven decision-making and technology-driven solutions through the 78 million dollars allotted for the Digital Economy Enhancement Project.

Increased transparency, faster public services, and economic growth are all anticipated benefits of investing in the digital economy.

Increased flood resistance is also anticipated as a result of the $71.7 million allocated for the Sindh Barrages Improvement Project.

The Punjab Family Planning Program, which aims to boost the use of family planning services in Pakistan’s Punjab state, received US$100 million in July from the World Bank Board of Executive Directors on Thursday.

The World Bank’s Country Director for Pakistan, Najy Benhassine, stated that the program’s major goals are to provide family planning methods to 60% of the population in Punjab by 2030 and to provide universal access to reproductive healthcare.

“This is essential to Pakistan’s development because rapid population growth stunts progress, decelerates the accumulation of human capital, and keeps families impoverished.”

The Punjab Family Planning Program will offer timely, cost-free access to high-quality family planning services, according to the announcement. The system that delivers family planning services will also institutionalize high standards of care.

Innovative family planning practices that have been tested in many Punjabi districts and have improved family planning outcomes—like clinical franchising, voucher programs, and family planning counseling via community leaders—will be expanded by the program.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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5 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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5 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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