ISLAMABAD: Pakistan has requested an additional 10 billion yuan ($1.4 billion) loan from China as the cash-strapped country has already used the existing 30 billion yuan ($4.3 billion) Chinese trade facility. Finance minister Muhammad Aurangzeb, who met with China’s vice minister of finance Liao Min on the sidelines of recent IMF and the World Bank…
NEW DLEHI: While men command a premium to get a job after marriage, women face a “marriage penalty” resulting in a sharp drop in their labour force participation, a new World Bank report says.It estimates that in India, post-marriage female employment rates drop by 12 percentage points, about one thirds of the female pre-marital employment…
India’s global trade share hasn’t kept pace with its fast growing economy, and the country is losing out to rivals like Bangladesh and Vietnam as low-cost manufacturing export hubs, the World Bank said. India’s trade in goods and services has been declining as a percentage of gross domestic product over the past decade despite its…
Preeti Sudan has been appointed as the new chairperson of the Union Public Service Commission (UPSC). In her new capacity, the 64 year old will spearhead several tasks of the Commission which conducts the civil services exam, touted as one of the most competitive exams of the country that selects candidates for IAS, IPS and…
Head of the UN office for disaster risk reduction Mami Mizutori tells Pradeep Thakur Covax is making progress towards having 2 billion doses available by the end of 2021, which should be enough to protect high-risk and vulnerable people. Excerpts from the interview:The World Bank estimates 150 million people will be pushed into extreme poverty…
