• Download the Constitution of Pakistan
  • Advertise
WRITE FOR US
Economy.pk
No Result
View All Result
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Business

WB approves $800m to improve Pakistan’s power sector

by News Desk
June 29, 2021
in Business, Economy
Reading Time: 1 min read
WB
Share on FacebookShare on Twitter

The World Bank’s (WB) board of executive directors on Tuesday approved $800 million for financing two programmes in Pakistan.

According to a press release, the programmes include the Pakistan Programme for Affordable and Clean Energy (PACE) and the Second Securing Human Investments to Foster Transformation (SHIFT II).

WB Country Director for Pakistan Najy Benhassine said that the reforms underpinning the two programs can contribute to facilitating sustainable investments and generate welfare gains for those most in need.

According to the statement issued, the $400 million projects for clean energy focuses on measures to improve the financial viability of the power sector and support the country’s transition to low carbon energy.

Tags: board of executive directorsclean energylow carbon energyNajy BenhassinePower sectorThe World Bank
News Desk

News Desk

Related Posts

TAPI Pipeline: Pakistan and Turkmenistan sign implementation plan

TAPI Pipeline: Pakistan and Turkmenistan sign implementation plan

Prime Minister Shehbaz Sharif announced the Turkmen-Afghanistan-Pakistan-India (TAPI) Pipeline Implementation Plan on Thursday, calling the project critical to the region's...

Pakistan faces last IMF board review before passing crucial budget

Pakistan faces last IMF board review before passing crucial budget

A Fund official said on Thursday that Pakistan can only have one more board review under the present bailout agreement...

Pakistan’s first green hydrogen plant to be established in Thatta

Pakistan’s first green hydrogen plant to be established in Thatta

In partnership with China, Pakistan's first green hydrogen factory will be built in Thatta. In this regard, the Sindh government...

PIA announces Islamabad-Gilgit direct flights

PIA announces Islamabad-Gilgit direct flights

After Skardu, Pakistan International Airlines (PIA) announced direct flights from Islamabad to Gilgit. To assist tourists, the PIA official stated...

Inter-bank: rupee weakens further, settles at 286.88 against US dollar

Inter-bank: rupee weakens further, settles at 286.88 against US dollar

The Pakistani rupee fell for the fourth consecutive session, falling 0.11% against the US dollar in the interbank market on...

USAID announces $16.4mn for Sindh’s flood affectees

USAID announces $16.4mn for Sindh’s flood affectees

The United States Agency for International Development (USAID) announced an additional $16.4 million in development and humanitarian aid for flood...

Next Post
Foreign tours

Foreign tours of Imran seven times cheaper than Nawaz’s

Please login to join discussion

Recent Posts

  • Why There Are No Fly Zones Over Masjid Al Haram and Al Nabawi
  • Huawei to Launch a ChatGPT Rival Named ‘Pangu’
  • Govt unveils Pakistan Economic Survey 2022-23
  • Govt announces subsidies for flood-affected farmers
  • TAPI Pipeline: Pakistan and Turkmenistan sign implementation plan

Advertisement

Twitter

Economy.pk

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk