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According to a World Bank report, "Karachi's urban air pollution is among the most severe in the world and it engenders significant damages to human health and the economy". The inefficient use of energy, an increase in the number of vehicles used daily, an increase in unregulated industrial emissions and the burning of garbage and plastic have ...
Pakistan had created a Post-Disaster Needs Assessment (PDNA) with assistance from the United Nations system, World Bank Group, Asian Development Bank, and European Union. This estimate places the flood damages at over US$14.9 billion, the economic losses at over US$15.2 billion, and the cost of reconstruction at over US$16.3 billion. [9]
The United States Senate Committee on Foreign Relations report criticized the World Bank and other international financial institutions for focusing too much "on issuing loans rather than on achieving concrete development results within a finite period of time" and called on the institution to "strengthen anti-corruption efforts". [97]
Poverty in Pakistan has been recorded by the World Bank at 39.3% using the lower middle-income poverty rate of US$ 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.
On 25 August 2022, Pakistan declared a state of emergency because of the flooding. [6] The flooding was the world's deadliest flood since the 2020 South Asian floods [7] and described as the worst in the country's history. [8] It was also recorded as one of the costliest natural disasters in world history.
The 2022 Pakistan floods mainly caused by increased precipitation and glaciers melting fueled by climate change, destroyed around 50% of the crops of Pakistan which can lead to food shortages. [ 27 ] In 2024, it was reported that Pakistan has faced an orange shortage due to climate change, which has reduced citrus production by 35%, slashed ...
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 ...
The World Bank allocated the eastern rivers to India and the western rivers to Pakistan. This new distribution did not account for the historical usage of the Indus basin or the fact that West Punjab's Eastern districts could turn into deserts, and repudiated Pakistan's negotiating position.