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ISLAMABAD: The National Electric Power Regulatory Authority has ratified the government’s decision to increase the price of electricity, paving way for an increase in the basic price of...
Senate session marred by opposition's protest
Differences in figures for Pakistan’s gross domestic product or GDP growth rate for previous and current fiscal years between the World Bank and the Pakistan government was because of uncertainties of the Covid-19 pandemic, said World Bank’s Country Director for Pakistan Najy Benhassine on Thursday, hoping that final growth rate would be on the higher side. The World Bank in its report published on Thursday projected Pakistan’s GDP growth forecast for the fiscal year 2021-22 (FY22) at 3.4% against Islamabad’s target of 4.9% for the year. Similarly, the report also pegged the GDP growth...
The Asian Development Bank (ADB) will provide $600 million for Ehsaas Program under the Integrated Social Protection Development Program. The announcement was made by ADB Country Director Yong Ye, who called on Minister for Economic Affairs Omar Ayub Khan on Thursday. This program will support the government’s efforts to implement high priorities from its Ehsaas Program (social protection and poverty reduction) in a coordinated, cohesive and systematic manner. Under this program, institutional capacity for social protection and climate resilience will also be strengthened, said the country d...
ADB to provide US$600 million for 'Ehsaas Program'