World Bank allocates $1.8b for Pakistan this year

By -
WASHINGTON: The World Bank has allocated an unprecedented amount of $1.8 billion for Pakistan’s development projects in the energy and water sectors. Finance Minister Dr Abdul Hafeez Shaikh made the announcement after holding a meeting with Vice President of the World Bank, Isabel Guerrero, on the sidelines of the IMF-World Bank annual spring gathering of economic leaders from around the world.
The financial institution has also expressed its willingness to assist with financing the multi-year Dasu dam project, to be built in the Kohistan area on the River Indus, with a 1,500MW power generation capacity. They have already approved the power generation enhancement project.
“The World Bank allocating this unprecedented amount in one year is a big sign of confidence in Pakistan’s ability to accomplish development for its people,” Dr Shaikh said.
The amount follows last year’s $1.2 billion in assistance, and will be spent on upgrades and completion of development projects in the energy and water sectors as well as infrastructure, social and reform programs.
“The World Bank vice president was appreciative of Pakistan’s economic performance in these difficult times of global economic and regional challenges,” the finance minister added.
Pakistan’s ambassador to the US, Sherry Rehman, also attended the meeting. “This signifies that both the international community and the financial institutions have a growing confidence in Pakistan’s dedication and ability to realise development for its people,” said Ambassador Sherry Rehman.
Vice President Guerrero expressed satisfaction with the measures Islamabad has taken to enhance its revenue generation, which has increased by 25% over the last nine months. Other measures include the continuing strong performance of the external sector, both exports and remittances and a healthy 4% GDP growth expected this year.
Dr Shaikh acknowledged the World Bank’s sustained cooperation with Pakistan, calling the financial institution a reliable development partner of Pakistan.
Published in The Express Tribune, April 23rd, 2012.

Documents etc. 
Birth Certificate | NIC |
Degree Certificate | More
College aur University 
Admission Requirement, Application Forms, Entrance Tests | More
Consultants 
Business Advice | Buy/Sell Real Estate |Financial / Banking | Property Rental | More
Services & Services 
Mamoo here waiting for your urgent
request | More
Teemar Daar
Case Management | Medical Help | Nursing Health | Teemar Daar Info | Teemar Daar Pharmacy | Teemar Daar Pervention | More
Travel & Tickets 
Tohfay.com's Mamoo in Pakistan can now arrange for your or your loved ones everything | More!

Comments

Post a Comment

Popular posts from this blog

Marriage Certificate / Copy of marriage certificate in Pakistan

By -
Image
Marriage Certificate is an official  record that two people have undertaken a marriage ceremony .  A  Marriage Certificate  is required in most cases for visa purposes and is imperative for changing maiden name etc. To help our Pakistani friends living outside the country obtain marriage certificate with minimal hassles, Mamoo in Pakistan offers fast and efficient Marriage Certificate facilitation service in Pakistan. Non-Resident Pakistanis in need of a marriage certificate for themselves or their loved ones in Pakistan can post order at Mamoo in Pakistan website. Our Marriage Certificate or Copy of marriage certificate facilitation service can be availed when the marriage is about happen or even if it has already occurred and was not registered.      How we Proceed for Obtain Marriage Certificate or copy of marriage certificate?      In case the marriage is about to happen, our Relationship Ambassador will work on the form...
Read more

What is Birth Certificate Pakistan?

By -
Image
A Birth Certificate is actually an evidence that documents the birth of a child. The term "birth certificate" can refer to either the original document or a certified copy of or representation of the original record of birth. How MamooinPakistan will work to get Birth Certificate Pakistan? A thorough search will be done on the records of the Municipality office based on the Parent’s name and applicant’s date of birth in the related Union Council / Municipal Corporation of the place of birth to find whether the birth is registered at the office or not. If the birth certificate pakistan was registered with a name, then the certificate will be issued by as per the details available in the records of the Govt. office. In majority of the cases, where the birth was not registered at the time birth and the name would not have been mentioned at the time of birth. In such cases birth is registered with late registratio...
Read more

Tohfay.com | Send Kids Toys & Games to Pakistan

By -
Image
Tohfay.com |  Send Kids Toys & Games to Pakistan Send Kids Toys & Games to Pakistan, Send Toys & Games such as a Gift delivery in Karachi, Lahore, Islamabad, Rawalpindi & Peshawar. Toys Gift combo Basket delivery in Lahore Making children happy is the nicest things one could do. Seeing children smile, laugh and play makes everyone happy. And what better way to make kids happy than by gifting them their favourite thing on earth: toys! Gifting toys to younger loved ones is always delightful. Children love to receive new toys from adults especially when it's a special occasion like birthdays and graduations. Tohfay.com you will find various kinds of toys to choose from for boys and girls of all ages. There are Barbie dolls, doll houses, stuffed animals, video games, puzzles, dress-up kits and much more to gift. Make your loved ones smile and enjoy an occasion by sending them what they really want. Don't forget to pick their favourite toy! Dynamic Chair ...
Read more