World Bank

As global coronavirus cases exceed 2.2 million

The int’l money lender says unemployment rate in Pakistan will jump

Dr Abdul Hafeez Shaikh says without it developing countries will be worst affected from COVID-19 pandemic

State Bank of Pakistan says optimism is now subject to risks arising from spread of coronavirus

Amount includes $23b principal loans, another $4.6b on account of interest payments

This is bound to increase unemployment in the country — from 2.4% to 9%

Developing countries don't have resources to spend on already overstretched health services, says the premier

World Bank report estimates the country’s GDP to contract up to 2.2%

Proposal to be discussed next week by officials of G7 and G20 economies

Country director says they are working with federal and provincial govts