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WB will provide $40 billion to Pakistan as part of a 10-year collaboration.

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Under the 10-year Country Partnership Framework (CPF), the World Bank (WB) has promised to give Pakistan $40 billion, according to Ministry of Economic Affairs sources.

The sources added that the combined efforts of Prime Minister Shehbaz Sharif and Army Chief General Asim Munir have begun to bear fruit, calling the pledge a monument to Sharif’s achievement in obtaining foreign backing for Pakistan’s economic expansion.

The International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) would contribute $20 billion of the $40 billion total.

Six major development sectors will be the emphasis of the CPF: lowering child stunting, addressing climate change, enhancing learning outcomes, supplying clean water, and encouraging both public and private investment for all-encompassing development.

Additionally, $20 billion will be provided by the International Finance Corporation (IFC) to assist the CPF.

Among the specific objectives are raising tax revenue to more than 15% of GDP, creating 10 gigawatts of renewable energy capacity, giving 12 million children access to high-quality education, and providing healthcare services to 50 million people.

The framework also intends to improve food security for 30 million people, give 30 million women more access to family planning services, and give 60 million people access to clean drinking water and sanitary facilities.

75 million people will benefit from the CPF’s objectives to address flood and disaster risks, the sources noted.

The 10-year Country Partnership Framework was approved with 19 of the 24 directors voting in support of Pakistan.

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Skilled Youth Will Expand Employment Prospects: PM

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According to Prime Minister Muhammad Shehbaz Sharif, the government is actively working on a policy to lower unemployment by encouraging the private sector, and providing young people with professional skills is crucial to expanding employment prospects.

The Prime Minister stated that the “Uraan Pakistan” Project would provide new job possibilities throughout the nation while presiding over a youth program meeting.

In addition to wanting to take action against fraudulent and unlicensed organizations that offer jobs abroad, Shehbaz Sharif ordered the creation of a plan that would meet the market demands of friendly nations in order to hire young people abroad.

He stated that in order to promote technical and professional capabilities, the Prime Minister’s Youth Skill Development Program and the National Vocational and Technical Training Commission should fulfill their respective roles. The future of Pakistan is correlated with the growth of the IT sector.

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PSO Bangladesh Army Meets With COAS: Talks About Bilateral Military Cooperation

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General Syed Asim Munir, the Chief of Army Staff, met with Lieutenant General S M Kamr-ul-Hassan, the Principal Staff Officer of the Armed Forces Division of Bangladesh, at the General Headquarters in Rawalpindi.

Both parties discussed the changing security dynamics in the region and looked into further ways to strengthen their bilateral military cooperation during their meeting.

They emphasized that the two fraternal nations’ long-term connection must be durable against outside forces, underscoring the significance of a stronger defense relationship.

The Army Chief reaffirmed the importance of working together to advance peace and stability in South Asia and the wider area, while making sure that both countries keep up their contributions to regional security through cooperative defense projects.

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IBO in Spinwam: Four Khwarij Are Removed by Security Forces

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Security personnel have executed four Khwarij in the North Waziristan district’s broad region of Spinwam through an intelligence-based operation.

Own troops engaged Khwarij’s location successfully during the operation, and following a fierce firefight, they killed four Khwarij.

Additionally, weapons and ammunition were found on the deceased Khwarij, who continued to be actively involved in a number of terrorist attacks against security personnel and the targeted murder of defenseless civilians.

In an effort to eradicate the threat of terrorism from the nation, security personnel are conducting a sanitization operation to eradicate any further Kharji that may be present in the area.

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