World Bank

IMF confirms Pakistan has approached it for $1.4 billion financial support

Payments to creditors in last quarter are likely to further stretch official foreign currency reserves

WB, IMF will also seek endorsements for the proposal at their combined meetings in April

Move aims to help countries that are home to two-thirds of the world's population living in extreme poverty

Capital value tax abolished to support Pakistan Stock Exchange as market continues to plunge

Decision comes as developing countries grapple with severe consequences of the rapidly spreading coronavirus

World Bank says Pakistan could not implement budget support aid for reforms in financial sector

Funds will enhance capacity of resources-deficient public hospitals and labs

Move will pave way for two World Bank budgetary support loans worth $750m

Shamshad Akhtar says women need to be given access to money, bank accounts and credit