The World Bank Group said on Saturday it is working with global vaccine alliance Gavi to strengthen financing for immunization and primary healthcare systems, planning to mobilize at least $2 billion over the next five years in joint financing. The two organizations will also work together to advance vaccine manufacturing in Africa as part of a World Bank goal to help countries reach 1.5 billio
The Asian Development Bank (ADB) has approved three projects totalling $381 million to advance agriculture, education, and health services in Punjab. These development projects aim to foster economic growth in the province, which accounts for more than half of the country’s population and economic activity, read a statement on Saturday. “Investing in education, health, and agricultural mecha
The International Monetary Fund’s Executive Board will meet on Dec 8 to review Pakistan’s request for a $1.2 billion disbursement under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF), according to the Fund’s updated schedule. Pakistan and the IMF reached a staff-level agreement in October after negotiations in Karachi, Islamabad, and Washington. The deal,
The Collectorate of Customs Enforcement, Peshawar, has seized smuggled goods worth an estimated Rs74.4 million in a series of coordinated operations across Khyber Pakhtunkhwa, the Federal Board of Revenue (FBR) said on Sunday. In the largest action, the Enforcement Division in D.I. Khan intercepted three trucks carrying 12,200 kg of smuggled betel nuts, 4,021 sleeves of foreign-origin cigarette
Oil prices hovered at two-week highs on Monday as investors expect a Federal Reserve interest rate cut this week that will lift economic growth and energy demand while eyeing geopolitical risks that threaten oil supplies from Russia and Venezuela. Brent crude futures rose 4 cents, or 0.06%, to $63.79 a barrel by 0008 GMT, while U.S. West Texas Intermediate crude was at $60.15 a barrel, up 7 cen