World Bank

LDA to launch app for approval of building plans

LDA to launch app for approval of building plans

January 21, 2020

LAHORE: A mobile application developed by the Lahore Development Authority (LDA) for swift approval of building plans is all set to launch shortly. According to LDA Director General Sumair Ahmad Syed, the application is part of the authority’s efforts to simplify relevant procedures in line with the World Bank’s Ease[...]
World Bank report spurs LDA to outsource buildings inspection

World Bank report spurs LDA to outsource buildings inspection

January 8, 2020

LAHORE: The Lahore Development Authority (LDA) has decided to contract out inspection of buildings and subsequent issuance of certificates after completion of residential, commercial and industrial structures. The development took place following the World Bank’s report titled Doing Business 2020, in which the leading financial institution evaluated 190 economies on[...]
$787m loan agreements signed between Pakistan and World Bank

$787m loan agreements signed between Pakistan and World Bank

November 27, 2019

ISLAMABAD: Pakistan and World Bank on Tuesday signed $787 million worth of loan agreements for enhancing civic services in the country’s largest city and financing a regional electricity transmission project. According to a statement issued by the Economic Affairs Division (EAD), Minister for Economic Affairs Muhammad Hammad Azhar oversaw the[...]
Poverty mitigation possible through Agri development: World Bank

Poverty mitigation possible through Agri development: World Bank

November 22, 2019

ISLAMABAD: According to the World Bank, agricultural development can alleviate poverty, enhance shared prosperity and provide for a projected 9.7 billion people by 2050. Farm output constitutes 18.5% of Pakistan’s Gross Domestic Product (GDP). However, the small farmers which make up 38.5% of the national labour force are neglected and[...]
World Bank considers $250m loan to help enhance human capital

World Bank considers a $250m loan to help enhance human capital

November 14, 2019

ISLAMABAD: The World Bank is considering the provision of a $250 million loan to Pakistan for enhancing the civil registration and vital statistics (CRVS), health and education systems essential for improvement of human capital, and increasing the contribution of women to economic productivity, and federal safety nets to respond to[...]
WB encourages reforms in Pakistan to spur growth

WB encourages reforms in Pakistan to spur growth

November 1, 2019

ISLAMABAD: The Prime Minister Imran Khan and the visiting World Bank’s President David Malpass on Thursday applauded the country’s improvement on the ranking of the Ease of Doing Business (EODB) and assured firm support of the World Bank to further aid Pakistan’s development. The bank promised to help the country[...]
WB Country Director briefed on the potential of Pakistan's real estate sector

WB Country Director briefed on the potential of Pakistan’s real estate sector

October 11, 2019

ISLAMABAD: World Bank Country Director for Pakistan, Patchamuthu Illangovan was briefed on the potential of the real estate sector to aid the growth of the country’s overall economy on his visit to ISE Towers REIT Management Company Limited (ISE REIT). The country director was received by the Chairman ISE REIT[...]
WB delegation and Minister discuss prospective technical support for NPHP

WB delegation and Minister discuss prospective technical support for NPHP

October 9, 2019

LAHORE: A four-member World Bank delegation, led by Global Director Sameh Naguib, called on Minister for Housing and Urban Development Mian Mehmood-ur-Rasheed and held a discussion regarding the provision of technical assistance for the construction of low-cost houses under Naya Pakistan Housing Project. The delegation was briefed by the minister[...]