World Bank to finance $350 million for newly formed policy-making body

Islamabad: After devolution under the 18th Amendment, a National Competitiveness Council (NCC) will be formed next. It will have federal, provincial, private sector representations and a secretariat devoted to the PM Office. This plan to integrate ministries has been included in a project document submitted to the World Bank (WB) for financing.

invest with imarat

Islamabad’s emerging city centre

Learn More

NCC aims to ensure effective service delivery by fostering policy design and programme implementation both at federal and provincial level. The council however will also provide steering for strategic roadmap to drive Pakistan’s global standing as a trader and commercial hub. Guarantee of provincial endorsement for investment, SMEs, trade policy and frameworks will be made sure of by the council.  In this regards, International Development Association is also expected to finance $350 million under the project “Pakistan Goes Global: An Initiative for a Global and Technology-driven Pakistan”.

WB is scheduled to visit Pakistan in July for evaluation of the project.

For news and updates keep on visiting Graana blog

Maham Tahir

Recent Posts

Exploring Kalabagh: The Historic City in Mianwali District

Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…

1 day ago

Nazimabad Number 2: A Well-Known Residential Area in Karachi

Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…

2 days ago

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

3 days ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

4 days ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

5 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago