Pakistan News

    World Bank Education Jobs In Pakistan

  • India needs more jobs for women to boost growth: World Bank

    NEW DELHI: India must reverse a trend of falling women’s participation in the job market if it is to achieve its ambition of double-digit growth, the World Bank said on Monday...

    India is the world’s fastest growing major economy, but has one of the lowest rates of female employment, a trend that has worsened over the last decade...

  • Malala presses World Bank, UN to set goals on education

    WASHINGTON: Nobel Peace Prize laureate Malala Yousafzai urged the World Bank and United Nations on Monday to raise the focus of education in their new millennium goals...

    Malala, who in 2012 survived a severe gunshot in the head for her support of girls' schools in Pakistan, met with World Bank President Jim Yong Kim to discuss the coming package of official Sustainable Development Goals the United Nations plans to release later this...

  • HEC to get $200m from World Bank for developing tertiary education

    ISLAMABAD: World Bank is likely to approve a financing of $200 million to assist the Higher Education Commission (HEC) to develop the tertiary education sector in the country...

    In line with the Planning Commission’s Vision 2025, HEC has outlined its own vision to develop the tertiary education sector which lists the problems, analyzes international trends and takes lessons from earlier reforms...

  • World Bank to provide $465m for education, power projects

    ISLAMABAD: The World Bank has announced app­roval of two loans amounting $465 million to support higher education in Pakistan and expand sustainable electricity trade between Central Asia and South Asia...

    The approval of $400m ‘Higher Education Deve­lopment in Pakistan’ project will strengthen tertiary education to produce skilled, innovative and enterprising graduates...

  • 100m Pakistanis without a bank account, says World Bank

    ISLAMABAD: Pakistan is home to 100 million adults without a bank account, with 13 per cent adults citing religious concerns as a reason for not having account at a financial institution, a World Bank report on the use of financial services revealed...

    The ‘Global Findex Database’ said high costs turned out to be at least as important as religious concerns in each of the economies — cited by 21pc in Pakistan and 19pc in Turkey...

  • Bahrain's Bank Alkhair gets nod to sell stake in Pakistan's Burj Bank

    Bahrain-based Bank Alkhair said on Wednesday it had received approval from the State Bank of Pakistan to sell its stake in Pakistan's Burj Bank to a subsidiary of Bahrain's Al Baraka Banking Group...

    Al Baraka, one of the Gulf's top Islamic banks, had said in September that its Pakistani unit, Al Baraka Pakistan, would merge with Burj Bank to create an institution with assets totalling more than $1...

  • Creating the right kind of jobs should be the priority for Pakistan

    In an evolving world of work— the rapid creation and destruction of jobs— the issue of unemployment has acquired centrality in the development process and has led to the question of whether jobs, or workers, should be protected?Looking from an egalitarian perspective, the welfare of millions revolves around four things: full employment (including self-employment), fair wages, reasonable prices and an accelerated programme for community...

  • Bank Alfalah declared best bank for 2017

    KARACHI: Bank Alfalah received the Best Bank Award for 2017 for demonstrating “the most significant contribution to national development and the most effective management of its resources, including its employees, clients, franchise community and financials”...

    It received the honour at the second Pakistan Banking Awards, which were jointly organised by the Institute of Bankers, A...

  • India central bank says linking national ID number to bank accounts mandatory

    MUMBAI: India’s central bank on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhar numbers, to bank accounts...

    “The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017,” it said in a statement...

  • Summit Bank eyes Burj Bank for Islamic banking entry

    KARACHI: Summit Bank has received approval from the State Bank of Pakistan (SBP) to conduct due diligence on Burj Bank, it said in a stock exchange filing, in the latest bid for the unlisted lender, which is seeking to boost capital through a stake sale...

    The acquisition of a majority shareholding in Burj Bank would fit the long term strategy of Summit Bank, which is planning to convert its operations to conform to Islamic principles...

  • Withholding tax slows down bank deposit growth: State Bank

    KARACHI: Withholding tax (WHT) on financial transactions is acting against the goal of achieving financial depth, a State Bank of Pakistan’s (SBP) report said on Friday, highlighting that for the first time since 2009-10 the monetary expansion came more from currency in circulation than the bank deposit growth...

    The campaign could not sustain despite the fact that the business community, particularly retailers and medium-sized...

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