world bank

In the latest ranking, Mundra Port, developed by Adani Ports and SEZ Ltd, has also risen the index, moving up from 48 last year to 27. Visakhapatnam Port also climbed up the index at 19 from 115th position in 2022.

World Bank Country Director for Pakistan, Najy Benhassine said that Pakistan's economic development is limited to the elite which resulted in the country lagging behind

Highlighting that Pakistan’s economic model has failed completely, World Bank asked Pakistan to tax agriculture and real estate.

The GPFI document, prepared in anticipation of the G20 Summit hosted by India, noted the significant steps taken by the Narendra Modi-led government and the pivotal role of government policies and regulations in shaping the DPI landscape.

India will scale up and accelerate the pace with which it is increasing its share of renewable energy. Further, it will help boost the development of green hydrogen within the country.

India has always been a responsible partner in implementing the IWT. Pakistan's actions, however, have encroached on the provisions of IWT and their implementation and forced India to issue an appropriate notice for modification of IWT, sources said.

The World Bank has raised India's GDP growth prediction due to the country's strong economic performance.

Egypt, the largest importer of Wheat globally, imports over 62% of its total annual wheat needs.

While World bank retained India's growth rate estimate at 8.3% f02 2021, it has forecasted that economy will grow by 8.7% in 2022

International Monetary Fund Managing Director Kristalina Georgieva and her advisor reportedly pressurised the bank to make changes to China’s data, in a bid to lift its rankings in Doing Business Report