Finance Minister Muhammad Aurangzeb has departed for the United States to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank (WB). His six-day visit comes at a crucial time as Pakistan seeks to finalise a staff-level agreement (SLA) for ongoing loan programmes worth $8.4 billion. The IMF mission recently concluded […]
World Bank (WB)
Murad, World Bank boost ties on $4B Sindh projects
Sindh Chief Minister Murad Ali Shah met with a senior World Bank (WB) delegation in Karachi on Friday, praising the bank’s strong partnership—particularly its role during the 2022 floods—and calling for accelerated support on ongoing projects across key sectors. Led by WB Vice President for MENAAP, Ousmane Dione, the delegation reviewed progress on Sindh’s $4.01 […]
World bank urges Pakistan to resolve challenges for Dasu hydropower project
The World Bank (WB) has expressed concerns about the slow progress of the Dasu Hydropower Project (DHP). The organization urges the Pakistani government and the Water and Power Development Authority (WAPDA) to quickly address security and logistical challenges. These issues are significantly affecting the project’s timely execution, causing numerous delays. In a letter to the […]