ADB and World Bank Launch $10 Billion ASEAN Power Grid Financing Initiative
The Asian Development Bank and the World Bank have launched the ASEAN Power Grid Financing Initiative with a $10 billion commitment to boost cross-border energy integration and clean energy projects across Southeast Asia.
World Bank Conducts Mid-Term Review of $55mn Pakistan Power Efficiency Project
World Bank, EDEIP, electricity distribution, Pakistan energy sector, power reforms, infrastructure financing, HESCO, MEPCO, PESCO, energy efficiency, development projects, power sector investment, project monitoring, mid-term review, financing utilization
Aurangzeb briefs Saudi finance minister on PIA and airport privatisation plans amid reform push
Finance Minister Muhammad Aurangzeb met Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan on the sidelines of IMF and World Bank meetings to discuss Pakistan’s privatisation of PIA and major airports, and to seek Saudi investment support in key sectors.
Pakistan’s finance minister heads to Washington for IMF and World Bank talks amid bailout negotiations
Finance Minister Muhammad Aurangzeb has embarked on a six-day visit to Washington to meet IMF and World Bank leadership, aiming to secure a staff-level agreement and boost international confidence in Pakistan’s economic recovery.
Aurangzeb, IMF’s Jihad Azour Discuss EFF Progress and Emphasize Macroeconomic Discipline
Finance Minister Muhammad Aurangzeb met with IMF’s Jihad Azour in Washington to review the progress of the Extended Fund Facility and reaffirm commitment to Pakistan’s reform agenda and macroeconomic discipline.
Pakistan Faces Prolonged Economic Stagnation as Growth Forecast Falls to 2.6%
Economists warn Pakistan faces a prolonged period of low growth as the World Bank projects only 2.6% growth for FY25-26, raising concerns over inflation, unemployment, and stalled investment.
Mobilink Bank Wins Four AMC-9 Awards for Innovation and Financial Inclusion
Mobilink Bank has won four top honors at AMC-9 for its digital finance innovation, women’s empowerment initiatives, and leadership in microfinance, reinforcing its role in transforming Pakistan’s financial ecosystem.
World Bank to Approve $600 Million Loan for Pakistan’s Inclusive Development and Fiscal Reform Program
The World Bank is set to approve a $600 million loan to support Pakistan’s inclusive development program, aimed at improving public spending efficiency, expanding the tax base, and strengthening fiscal governance through transparency and data-driven reforms.
State Bank of Pakistan Launches WE Finance Code to Boost Funding for Women Entrepreneurs
The State Bank of Pakistan has rolled out the WE Finance Code, an international program designed to close gender financing gaps and promote economic resilience by increasing funding to women-led businesses across Pakistan.
WB Rates Punjab Green Development Project as ‘Moderately Satisfactory’, Revises Closure to 2025
The World Bank has rated the Punjab Green Development Programme as ‘moderately satisfactory,’ highlighting partial progress on green investments, with the project now extended to close in November 2025.