Pakistan Faces Setback as World Bank Cancels $500 Million Loan: A Closer Look In a major financial blow to Pakistan, the World Bank has canceled a $500 to $600 million budget support loan under the Affordable and Clean Energy (PACE-II) program. This decision underscores the challenges Pakistan faces in implementing critical reforms in its power…
The Need for Competitive Utility Prices and Interest Rates in Pakistan Pakistan’s business community has expressed growing frustration over the government's decision to raise petroleum product prices yet again, despite a global decline in oil prices. Main Anju Nasir, former president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and chairman of…