‘PTI borrowed 20,000 billion but did not add a single megawatt of electricity to the national grid’
Coalition govt saved Pakistan from bankruptcy: Miftah. Federal Minister for Finance and Revenue Miftah Ismail on Saturday said that the incumbent coalition government has saved Pakistan from bankruptcy.
Addressing a press conference, Finance Minister said that irresponsible policies of past four years destroyed the economy but now country is heading towards economic stability.
Criticizing Imran Khan led government, Miftah Ismail said that PTI borrowed 20,000 billion but did not add a single megawatt of electricity to the national grid nor did he constructed even a hospital.
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The minister asked PTI to show what Imran Khan did as Prime Minister for coming generations.
World Bank approves $200m loan for Pakistan. The World Bank’s Board of Executive Directors has approved $200 million in financing to support Pakistan in transforming the agricultural sector by adopting climate-smart technologies to improve water-use efficiency, build resilience to extreme weather events and increase incomes of small farmers.
According to the press release by the World Bank, the agricultural sector in Punjab is central to the Pakistan’s economy and food security as it accounts for 73 percent of the country’s total food production.
The Punjab Resilient and Inclusive Agriculture Transformation Project (PRIAT) will increase agricultural productivity through efficient and equitable access to water for small farms.
It will support farmers at the community and household levels to adopt climate-smart farming practices and technologies that improve crop yields and conserve water resources in Punjab.
“In recent years Pakistan’s agriculture sector has suffered from losses in crop yields and livestock, damage to irrigation infrastructure, and food shortages due to climate change, particularly severe droughts in the Punjab province,” said Najy Benhassine, World Bank Country Director for Pakistan.
“This project aligns with the Punjab Agriculture Policy 2018, which promotes massive expansion of water conservation efforts, enhancing sustainability and resilience in the wake of climate change, and private sector participation to help boost the productivity of the sector.”