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Balance of payments concerns have also reemerged as a result of a significant increase in imports and weak export and remittance growth. In its South Asian Growth report, the World Bank stated: "In Pakistan, gradual recovery to around 4.5 per cent growth by 2016 is aided by low inflation and fiscal consolidation. Increases in remittances and ...
April 21 – The World Bank expects that poverty will start reducing soon in Pakistan, as the country has surpassed most of the targets set by the bank under its country assistance strategy (CAS). April 29 – Pakistan Telecommunication Company Limited (PTCL) earns a net profit of Rs 19.53 bn in the first three quarters of the financial year.
In the first four years of the twenty-first century, Pakistan's KSE 100 Index was declared the best-performing stock market index in the world by the international magazine "Business Week". [ 46 ] [ citation needed ] The stock market capitalization of listed companies in Pakistan was valued at $5,937 million in 2005 by the World Bank . [ 47 ]
In August 1968, Robert S. McNamara, then President of the World Bank, formed the commission, asking former Canadian Prime Minister and Nobel Peace Prize winner Lester B. Pearson to head the commission. On September 15, 1969, Pearson and seven colleagues on the Commission on International Development delivered their report, Partners in ...
Poverty in Pakistan has been recorded by the World Bank at 39.3% using the lower middle-income poverty rate of US$ 3.2 per day for the fiscal year 2020–21. [1] In September 2021, the government stated that 22% percent of its population lives below the national poverty line [ 2 ] set at Rs.
Without the consent of India, from 1987 to 1997 Pakistan constructed the Left Bank Outfall Drain (LBOD) project passing through the Great Rann of Kutch area with assistance from the World Bank. [ 71 ] [ 72 ] In violation of IWT Article IV(10), the LBOD's purpose is to prevent the saline and polluted water flow into the Indus delta of Pakistan ...
The World Bank has regularly failed to live up to its own policies for protecting people harmed by projects it finances. The World Bank and its private-sector lending arm, the International Finance Corp., have financed governments and companies accused of human rights violations such as rape, murder and torture.
The Brandt Report is the first report of the Independent Commission on International Developmental Issues, chaired by Willy Brandt, published in 1980. [1] The Independent Commission on International Developmental Issues was established in 1977 with the aim to review international development issues, [ 2 ] with the former German Chancellor being ...