The World Bank has approved $700 million in new financing to support Pakistan’s efforts to stabilise its economy and strengthen public service delivery, marking a significant boost to the country’s reform agenda.
The funding will be channelled through the Public Resources for Inclusive Development – Multiphase Programmatic Approach (PRID-MPA), a nationwide initiative designed to back fiscal and institutional reforms at both federal and provincial levels. The programme focuses on improving domestic revenue mobilisation and ensuring public funds are used more efficiently and transparently. Overall, the PRID-MPA framework allows for total financing of up to $1.35 billion over multiple phases.
Under the newly approved package, $600 million will support federal-level reforms, while $100 million is earmarked for initiatives in Sindh province, targeting improvements in revenue systems and public service delivery.
Bolormaa Amgaabazar, the World Bank’s country director for Pakistan, said sustainable and inclusive growth depends on Pakistan’s ability to generate more domestic resources and manage them effectively. She stressed that stronger fiscal governance is essential to delivering tangible benefits for citizens and building long-term economic resilience.
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U.S. and Ukrainian negotiators have discussed an ambitious goal of reaching a peace agreement between Russia and Ukraine by March, though the timeline is widely viewed as unrealistic due to deep disagreements over territory, according to multiple sources familiar with the talks.
At least 31 killed, scores wounded in suicide attack on religious site in Islamabad.
Lebanese Army Commander Gen. Rodolphe Haykal met with senior U.S. officials in Washington, D.C., this week to discuss strengthening military and security cooperation, regional developments and the challenges facing Lebanon, the Lebanese army said on Friday.
Storm Leonardo has swept across the Iberian Peninsula, causing widespread flooding, landslides and transport disruption in Portugal and Spain, leaving at least one person dead and forcing thousands to evacuate as authorities issued urgent warnings.
Iran’s Islamic Revolutionary Guard Corps (IRGC) has deployed one of its largest ballistic missiles at a newly unveiled underground base on Wednesday (3 February), just two days ahead of mediated nuclear talks with the United States in Muscat, Oman.
Winter weather has brought air travel in the German capital to a complete halt, stranding thousands of passengers as severe icing conditions make runways and aircraft unsafe for operation and force authorities to shut down one of Europe’s key transport hubs.
Storm Leonardo has swept across the Iberian Peninsula, causing widespread flooding, landslides and transport disruption in Portugal and Spain, leaving at least one person dead and forcing thousands to evacuate as authorities issued urgent warnings.
Israeli tank shelling and airstrikes killed 24 Palestinians including seven children in Gaza on Wednesday (4 February), health officials said, the latest violence to undermine the nearly four-month-old ceasefire.
An attacker opened fire at the gates of a Shi'ite Muslim mosque in Islamabad on Friday before detonating a suicide bomb that killed at least 31 people in the deadliest assault of its kind in the capital in more than ten years.
U.S. and Ukrainian negotiators have discussed an ambitious goal of reaching a peace agreement between Russia and Ukraine by March, though the timeline is widely viewed as unrealistic due to deep disagreements over territory, according to multiple sources familiar with the talks.
At least 31 killed, scores wounded in suicide attack on religious site in Islamabad.
Lebanese Army Commander Gen. Rodolphe Haykal met with senior U.S. officials in Washington, D.C., this week to discuss strengthening military and security cooperation, regional developments and the challenges facing Lebanon, the Lebanese army said on Friday.
Escalating clashes in South Kivu’s highlands are sending a rising flow of wounded to Fizi’s small general hospital, where staff warn they are running out of space and supplies as the conflict expands across remote areas.
Storm Leonardo has swept across the Iberian Peninsula, causing widespread flooding, landslides and transport disruption in Portugal and Spain, leaving at least one person dead and forcing thousands to evacuate as authorities issued urgent warnings.
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