Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

WB assesses $195m power distribution project ‘moderately satisfactory’

byCT Report
18/08/2025
in Breaking News, Islamabad, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: The World Bank has assessed Pakistan’s $195 million Electricity Distribution Efficiency Improvement Project as “moderately satisfactory,” citing slow disbursements but steady progress toward its development goals.

According to official World Bank documents, the project — approved in December 2021 and effective from 15 August 2022 — is scheduled for a mid-term review in September 2025. To date, only $18.13 million has been disbursed, leaving $176.87 million undisbursed.

You might also like

KP govt to present three-month budget

16/06/2026

Petrol prices in Pakistan likely to decline

16/06/2026

The documents noted that “the project has made satisfactory progress toward being on track to achieve its development objectives by the closing date.”

To boost momentum, the Bank approved an additional $55 million in IDA credit on 27 June 2025. This financing, it said, “will further enhance the operational and financial performance of the targeted DISCOs and advance the nation’s power sector reform agenda.”

The government has also been advised to continue with the updated Project Implementation Enhancement Plan (PIEP), which focuses on three areas: procurement enhancement, environment and social (E&S) compliance, and strengthening the capacity of the Project Implementation Unit (PIU).

Related Stories

KP govt to present three-month budget

byCT Report
16/06/2026

PESHAWAR: The Khyber Pakhtunkhwa government has decided to present only a three-month budget for the next financial year instead of...

Petrol prices in Pakistan likely to decline

byCT Report
16/06/2026

ISLAMABAD: Following a sharp decline in global crude oil prices, petroleum product prices in Pakistan are expected to decrease in...

Govt eyes more global bond issues, sees budget upside from Iran deal

byCT Report
16/06/2026

ISLAMABAD: Pakistan could improve economic projections for 2027 after the end of the US war on Iran, but it is...

FBR notifies fresh customs values of steel pipes vide VR No68/2026

byCT Report
16/06/2026

KARACHI: The Federal Board of Revenue (FBR) has notified revised customs values for imported carbon steel seamless pipes through Valuation...

Next Post

Pakistan mutual fund assets rise to Rs3.9 trillion in six years

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.