WASHINGTON: The World Bank has expressed appreciation for Pakistan’s economic upturn and reaffirmed its support for development of the key South Asian country. During his just-concluded visit to Washington to for World Bank-IMF Spring meetings, Finance Minister Senator Mohammad Ishaq Dar met with Ms. Sri Mulyani Indrawati MD, World Bank, and discussed the Banks program portfolio in Pakistan. According to the Pakistani embassy, Dar thanked MD World Bank for her support for Dasu Hydropower Project and CASA1000, which were on track.The finance minister stated that CASA1000 project signing ceremony wasscheduled for next week and the project would improve regional integration. Senator Dar expressed the hope that World Bank would continue to support Pakistan in its reforms for energy sector and economic growth. Ms. Sri Mulyani Indrawati congratulated Finance Minister Dar on successful 6th review of IMF program and expressed the hope that Pakistan would continue its economic policies and reform agenda. She said that it was heartening that Pakistan was able to meet all performance criteria for 6th review, which proved that the economy was onthe right path. Ms. Sri Indrawati said the World Bank was examining two interventions to support Pakistan to continue reforms in energy sector and boost growth. She said that World Bank was glad to be Pakistan’s partner in development and wanted to resolve problems in energy sector. She reiterated that World Bank wanted to ensure inclusive growth and observed that the proposed interventions would further reforms in energy sector and takegrowth to a higher trajectory.
OGRA cuts LNG prices by up to $3.91 per MMBtu
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced a significant reduction in liquefied natural gas (LNG) prices for...
