PM Shehbaz welcomes WB’s $20b pledge under its CPF

ISLAMABAD: Prime Minister Shehbaz Sharif welcomed the World Bank’s pledge of $20 billion under its first-ever 10-year Country Partnership Framework (CPF) for Pakistan.

The prime minister, in a social media post on his X timeline, said that while focusing on six key areas, including child nutrition, quality education, clean energy, climate resilience, inclusive development, and private investment, CPF reflected Pakistan’s national priorities, as envisioned in its Home Grown Economic Transformation Plan.

The prime minister deeply appreciated the efforts of the Chief of the Army Staff General Asim Munir and other colleagues who had worked day and night to strengthen Pakistan’s foundation for such transformative partnerships.

“CPF reflects the World Bank’s confidence in Pakistan’s economic resilience and potential. We look forward to strengthening our partnership as we align our efforts for creating lasting opportunities for our people,” he remarked.

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PM approves new power supply system for industrial estates

ISLAMABAD:  Prime Minister Muhammad Shahbaz Sharif approved the new system of power...

Earlier,  Prime Minister Muhammad Shahbaz Sharif approved the new system of power supply to special industrial zones and industrial estates.

The Power Division and National Electric Power Regulatory Authority (NEPRA) will start work on it in the next 3 months.

In this regard, Federal Minister for Power Division Awais Leghari said that under the new system, the administration will be allowed to provide connections, collect bills and handle other issues.