Advertisement
News

World Bank Greenlights $149.7M for Pakistan’s Digital Economy and Indus Barrage Projects

Advertisement

The World Bank approves a significant financial injection of $149.7 million for two transformative projects in Pakistan: the “Digital Economy Enhancement Project” and the “Indus Barrage Improvement Project.”

Read also: IMF Urges Govt to End Gas Subsidies for Protected Consumers

With $78 million allocated to the Digital Economy Enhancement Project, Pakistan aims to modernize its financial landscape through advanced technology and data-driven decision-making. This initiative seeks to enhance economic efficiency, coordination, and transparency across government institutions by embracing digitalization.

Simultaneously, $71.7 million is designated for the Indus Barrage Improvement Project, focusing on bolstering the nation’s defenses against flooding. By strengthening Pakistan’s canal system, the project aims to mitigate the impacts of severe floods and droughts.

Amidst these endeavors, the Special Investment Facilitation Council (SIFC) remains committed to leveraging technology-driven financing solutions to attract foreign investment and enhance the nation’s resilience against environmental challenges, fostering sustainable growth and development.

Advertisement
Zubair Yaqoob

Zubair Yaqoob is a senior anchor, and an investigative journalist with an impressive 37 years of experience. Zubair's journalistic journey has been marked by a relentless pursuit of truth and a commitment to delivering impactful stories. Zubair's expertise extends beyond borders, reaching as far as Malaysia, where he has left an indelible mark on the international journalism landscape. His global perspective and keen analytical skills have allowed him to navigate diverse cultural landscapes, bringing a unique and enriching perspective to his reporting. Whether he's in the studio or on the field, Zubair continues to be a driving force in the world of journalism, bridging gaps, fostering understanding, and unraveling the stories that matter most. As the Headline PK Author, Zubair remains at the forefront of news, guiding audiences through the complexities of our ever-evolving world.

Recent Posts

Sindh Approves First Transgender Education Policy Draft

Sindh’s Education Minister Syed Sardar Ali Shah has approved a draft of Pakistan’s first-ever Transgender…

1 day ago

Biden and Trump Meet in White House, Pledge Smooth Transition of Power

In a historic and cordial Oval Office meeting, President Joe Biden and President-elect Donald Trump,…

1 day ago

Meta supports Pakistani creators in Karachi to inspire a new wave of content

Meta connected with content creators in Karachi through various engagements starting with an event on…

1 day ago

SNGPL Announces Winter Gas Schedule

Sui Northern Gas Pipelines Limited (SNGPL) has introduced a revised winter gas supply schedule, aiming…

2 days ago

Mayor Proposes High-Rise in Slums to Improve Karachi’s Infrastructure

Mayor Barrister Murtaza Wahab, during a visit to the (Association of Builders and Developers) ABAD…

2 days ago

Spotify Reports Strong Financial Growth with 19% Revenue Surge

Last night, Spotify released its Q3 2024 earnings, continuing to showcase its strong performance as…

2 days ago