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Categories: BusinessNews

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

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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.

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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.

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