World Bank

Lender’s country director stresses need for better fiscal management

Marks third major funding round to anchor crucial initiative amid delays

WB blames power, gas tariffs for high inflation

Examine strategies, investment avenues

$50m project aims at digitisation of observatories, and other facilities

KSE-100 index gains 373.82 points, settles at 65,525.65

Includes $78m for digital economy enhancement, $71.7m for barrage upscale

Aim to generate around 300MW of electricity through various energy projects

Revelations raise serious concerns about the transparency and integrity of World Bank-funded initiative

Despite subsidies and social programmes, inflation has driven 5% rise in poverty