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The World Bank has approved a sum of $102 million in financing for a project that aims to enhance access to microcredit and support the resilience of the microfinance sector and its borrowers, particularly in the face of climate-related shocks. The financing under the ‘Resilient and Accessible Microfinance (RAM) project’, was approved by the World Bank board of directors on Tuesday, according to a news release issued by the World Bank’s Resident Mission in Islamabad. In February, a World Bank delegation visited the country to touch base on Pakistan’s economic reforms, including the privatisation agenda as a follow-up to the…

The World Bank has approved a sum of $102 million in financing for a project that aims to enhance access to microcredit and support the resilience of the microfinance sector and its borrowers, particularly in the face of climate-related shocks. The financing under the ‘Resilient and Accessible Microfinance (RAM) project’, was approved by the World Bank board of directors on Tuesday, according to a news release issued by the World Bank’s Resident Mission in Islamabad. In February, a World Bank delegation visited the country to touch base on Pakistan’s economic reforms, including the privatisation agenda as a follow-up to the…

Google Cloud’s acquisition boosts cloud security and enhances multicloud capabilities in the AI era Google LLC announced it has signed a definitive agreement to acquire New York-based cloud security platform Wiz, Inc., for $32 billion, subject to closing adjustments, in an all-cash transaction. Once closed, Wiz will join Google Cloud. This acquisition represents an investment by Google Cloud to accelerate two large and growing trends in the AI era: improved cloud security and the ability to use multiple clouds (multicloud).Evolving cybersecurity landscapeBoth cybersecurity and cloud computing are rapidly growing industries with a vast range of solutions. The increased role of…

The Chinese national flag fluttering with the Lujiazui Financial District in the background.Vcg | Visual China Group | Getty ImagesA rally in Chinese stocks since the start of the year is prompting investors to predict that mainland shares will outperform their American peers in a sign that attractive valuations are trumping the idea of “American exceptionalism.”Last week, the S&P 500 slipped into correction territory for the first time since 2023. In contrast, the MSCI China index has gained 19% since the start of the year, to Mar. 9, according to Goldman Sachs, marking its best start to a year in…

The World Bank’s Board of Directors approved $102 million in financing for the Resilient and Accessible Microfinance (RAM) Project in Pakistan on Wednesday. As per a statement, the project aims to enhance access to microcredit and support the resilience of the microfinance sector and its borrowers, particularly in the face of climate-related shocks. The project will be implemented by the Ministry of Finance through the State Bank of Pakistan (SBP), the World Bank said. The project will be the first in a series of interventions to support the sector, to be designed and phased in close partnership with other international…

Rupee’s Performance Against US Dollar Since 23 Jan 2025 The Pakistani rupee saw marginal improvement against the US dollar, appreciating 0.02% in the inter-bank market on Wednesday. At close, the currency settled at 280.21, a gain of Re0.06 against the greenback. On Tuesday, the rupee had closed at 280.27. Internationally, the US dollar struggled to regain some lost ground ahead of key rate decisions from the Bank of Japan (BOJ) and the Federal Reserve later in the day. Overnight, Israeli airstrikes pounded Gaza and killed more than 400 people, US President Donald Trump and Russian President Vladimir Putin failed to…

Rupee’s Performance Against US Dollar Since 23 Jan 2025 The Pakistani rupee saw marginal improvement against the US dollar, appreciating 0.02% in the inter-bank market on Wednesday. At close, the currency settled at 280.21, a gain of Re0.06 against the greenback. On Tuesday, the rupee had closed at 280.27. Internationally, the US dollar struggled to regain some lost ground ahead of key rate decisions from the Bank of Japan (BOJ) and the Federal Reserve later in the day. Overnight, Israeli airstrikes pounded Gaza and killed more than 400 people, US President Donald Trump and Russian President Vladimir Putin failed to…

Rupee’s Performance Against US Dollar Since 23 Jan 2025 The Pakistani rupee saw marginal improvement against the US dollar, appreciating 0.02% in the inter-bank market on Wednesday. At close, the currency settled at 280.21, a gain of Re0.06 against the greenback. On Tuesday, the rupee had closed at 280.27. Internationally, the US dollar struggled to regain some lost ground ahead of key rate decisions from the Bank of Japan (BOJ) and the Federal Reserve later in the day. Overnight, Israeli airstrikes pounded Gaza and killed more than 400 people, US President Donald Trump and Russian President Vladimir Putin failed to…

Rupee’s Performance Against US Dollar Since 23 Jan 2025 The Pakistani rupee saw marginal improvement against the US dollar, appreciating 0.02% in the inter-bank market on Wednesday. At close, the currency settled at 280.21, a gain of Re0.06 against the greenback. On Tuesday, the rupee had closed at 280.27. Internationally, the US dollar struggled to regain some lost ground ahead of key rate decisions from the Bank of Japan (BOJ) and the Federal Reserve later in the day. Overnight, Israeli airstrikes pounded Gaza and killed more than 400 people, US President Donald Trump and Russian President Vladimir Putin failed to…

Rupee’s Performance Against US Dollar Since 23 Jan 2025 The Pakistani rupee saw marginal improvement against the US dollar, appreciating 0.02% in the inter-bank market on Wednesday. At close, the currency settled at 280.21, a gain of Re0.06 against the greenback. On Tuesday, the rupee had closed at 280.27. Internationally, the US dollar struggled to regain some lost ground ahead of key rate decisions from the Bank of Japan (BOJ) and the Federal Reserve later in the day. Overnight, Israeli airstrikes pounded Gaza and killed more than 400 people, US President Donald Trump and Russian President Vladimir Putin failed to…