world bank

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Former State Bank Governor Dr Shamshad Akhtar Passes Away, Nation Mourns a Distinguished Economic Leader

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Former finance minister and ex-governor of the State Bank of Pakistan, Dr Shamshad Akhtar, passed away on Saturday at the age of 71. Her demise marks the loss of one of Pakistan’s most respected economists, whose career spanned decades of national service and international leadership in global financial institutions. Dr Shamshad Akhtar was widely recognized […]

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World Bank Delays $1.1 Billion Loan Approval Due to Tariff Revision and Energy Sector Circular Debts

Abeer RehmanTagged , , , , ,

According to a source in the finance ministry, the World Bank has delayed the approval of $1.1. bn loan to Pakistan until the next financial year due to tariff revision and circular debts in the energy sector. The source has told Reuters that the loan has been pending since June. They said, “The major issue […]

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