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WB approves $149.7 million for two Pakistani projects

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Details show that the funding was approved to support projects pertaining to enhanced flood resilience and the digital economy.

The global financial organization made this clear in a statement.

Financial management is anticipated to be improved through data-driven decision-making and technology-driven solutions through the 78 million dollars allotted for the Digital Economy Enhancement Project.

Increased transparency, faster public services, and economic growth are all anticipated benefits of investing in the digital economy.

Increased flood resistance is also anticipated as a result of the $71.7 million allocated for the Sindh Barrages Improvement Project.

The Punjab Family Planning Program, which aims to boost the use of family planning services in Pakistan’s Punjab state, received US$100 million in July from the World Bank Board of Executive Directors on Thursday.

The World Bank’s Country Director for Pakistan, Najy Benhassine, stated that the program’s major goals are to provide family planning methods to 60% of the population in Punjab by 2030 and to provide universal access to reproductive healthcare.

“This is essential to Pakistan’s development because rapid population growth stunts progress, decelerates the accumulation of human capital, and keeps families impoverished.”

The Punjab Family Planning Program will offer timely, cost-free access to high-quality family planning services, according to the announcement. The system that delivers family planning services will also institutionalize high standards of care.

Innovative family planning practices that have been tested in many Punjabi districts and have improved family planning outcomes—like clinical franchising, voucher programs, and family planning counseling via community leaders—will be expanded by the program.

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Repatriation of Undocumented Afghans: A Continuous Reunification of 739,668 Afghans

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739,668 people have been repatriated from Pakistan as of October 7, 2024, after they were forced to flee their country. Restitution is still being carried out.

26,622 Afghans, comprising 9,847 men, 7,596 women, and 9,179 children, were returned between September 9 and October 7, 2024.

In addition, as part of the continuous effort to curb illegal immigration, 741 families have been deported in 658 cars.

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PM Condemns Cowardly Attack on Chinese Convoy While Visiting Chinese Embassy in Islamabad

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The disgusting plot to harm ties between Pakistan and China would not be accepted at all, according to Prime Minister Shehbaz Sharif.

Prime Minister Shehbaz Sharif promised to personally supervise the inquiry into the terror assault near the Karachi Airport that claimed the lives of two Chinese nationals during his visit to the Chinese Embassy in Islamabad.

The Prime Minister conveyed his profound sadness and anguish over the passing of Chinese nationals to Jiang Zaidong, the Chinese Ambassador to Pakistan, during their meeting.

According to the prime minister, the government’s top concern is safeguarding the lives and belongings of Chinese brethren living in Pakistan.

Shehbaz Sharif reaffirmed his commitment to quickly identify and hold accountable anyone responsible for the event.

On this occasion, the Chinese Ambassador expressed gratitude to the Prime Minister for rapid response of the Government of Pakistan following terrorist incident in karahi and beginning of probe into it.

Additionally, he conveyed his trust in the Pakistani government to conduct a thorough investigation, quickly identify the terrorists, and expeditiously bring them to justice.

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SIFC Backs China-Pakistan Shale Gas Initiative: $30 million is invested in shale gas development by OGDCL.

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The Pakistani government is receiving assistance from the Special Investment Facilitation Council in the exploration of new petroleum deposits, including shale gas.

To increase Pakistan’s potential for shale and tight gas, the Oil and Gas Development Company Limited (OGDCL) of Pakistan and the China Central Depository and Clearing Company (CCDC) have inked a Memorandum of Understanding (MoU).
As part of the agreement, CCDC will help OGDCL with exploration and production by offering drilling and upstream oil field services. Through this agreement, energy self-sufficiency will be attained by utilizing Pakistan’s energy resources.

It is anticipated that the MoU will make the nation rely more on natural resources and less on imports.

OGDCL has committed 30 million dollars to develop shale gas reserves to suit the country’s energy needs. The goal of this partnership with China is to meet rising demand for energy by making use of regional resources.

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