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WB reallocates $150m to Pakistan for procuring Covid-19 vaccines - Pakistan


World Bank’s South Asia Regional Vice President Hartwig Schafer calls on Economic Affairs Minister Omar Ayub Khan on Tuesday. Photo courtesy PID website
ISLAMABAD: The World Bank on Tuesday conveyed reallocation of $150 million funds to Pakistan for procurement of Covid-19 vaccines.
“The WB is fully committed to providing assistance to developing countries for the procurement of Covid-19 vaccines and for the purpose $150 million has been reallocated for Pakistan,” said an official statement quoting World Bank’s South Asia Regional Vice President Hartwig Schafer.
Mr Hartwig, along with WB’s Country Director for Pakistan Najy Benhassine, had separate meetings with Minister for Finance Shaukat Tarin and Minister for Economic Affairs Omar Ayub Khan on Tuesday. ....

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WB reallocates $150m to procure Covid-19 vaccines - Newspaper


World Bank’s South Asia Regional Vice President Hartwig Schafer calls on Economic Affairs Minister Omar Ayub Khan on Tuesday. Photo courtesy PID website
ISLAMABAD: The World Bank on Tuesday conveyed reallocation of $150 million funds to Pakistan for procurement of Covid-19 vaccines.
“The WB is fully committed to providing assistance to developing countries for the procurement of Covid-19 vaccines and for the purpose $150 million has been reallocated for Pakistan,” said an official statement quoting World Bank’s South Asia Regional Vice President Hartwig Schafer.
Mr Hartwig, along with WB’s Country Director for Pakistan Najy Benhassine, had separate meetings with Minister for Finance Shaukat Tarin and Minister for Economic Affairs Omar Ayub Khan on Tuesday. ....

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The Industry's Advocacy Priorities - Trade Only Today

The Industry's Advocacy Priorities - Trade Only Today
tradeonlytoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradeonlytoday.com Daily Mail and Mail on Sunday newspapers.

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Govt seeks time to meet WB's loan terms


Govt seeks time to meet WB’s loan terms
Tarin says measures to be taken for effective resource mobilisation, enhancing productivity
World Bank. PHOTO: FILE
ISLAMABAD:
The government on Tuesday sought more time from the World Bank to implement its conditions for qualifying for $1.5 billion loans to meet the burgeoning external financing needs, sources told The Express Tribune.
Pakistan is seeking three budget support loans, totalling $1.5 billion, from the World Bank before the end of June, they said, adding that the World Bank had set May 10th deadline to implement the conditions for the loans approval.
Finance Ministry officials said that Finance Minister Shaukat Tarin held a virtual meeting with Axel van Trotsenburg, the managing director (operations) of the World Bank, to review the status of the three under consideration loans. ....

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