ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday launched the World Bank’s Country Partnership Framework (CPF) for Pakistan, a plan to focus $20 billion in loans to the cash-strapped nation over the coming decade on development issues like the impact of climate change and boosting private-sector growth.
Pakistan in 2023 nearly defaulted on the payment of foreign debts when the International Monetary Fund rescued it by agreeing to a $3 billion bailout to Pakistan. Last year, Islamabad secured a new $7 billion loan deal from the IMF. Since then, the country’s economy has started improving with weekly inflation coming down from 27 percent in 2023 to 1.8 percent earlier this month. Sharif has vowed to reduce dependence on foreign loans in the coming years.
The World Bank’s lending for Pakistan will start in 2026 and focus on six outcomes: improving education quality, tackling child stunting, boosting climate resilience, enhancing energy efficiency, fostering inclusive development and increasing private investment.
“Together, this partnership fosters a unified and focused vision for your county around six outcomes with clear, tangible and ambitious 10-year targets,” Martin Raiser, the World Bank vice president for South Asia, said in an address at the launch ceremony of the loan program. 

 “We hope that the CPF will serve as an anchor for this engagement to keep us on the right track. Partnerships will equally be critical. More resources will be needed to have the impact at the scale that we wish to achieve and this will require close collaboration with all the development partners.”
Speaking at the ceremony, PM Sharif said the CPF was a “vision to transform Pakistan’s economy, building climate resilient projects, alleviating poverty and unemployment and promoting digitization, agriculture and IT led initiatives.”
Separately, Raiser met Ahad Cheema, Pakistani minister for economic affairs, to discuss in detail the framework’s next steps and its implementation. 
“The two leaders also discussed the need to address key challenges in project implementation, such as land acquisition, project start-up delays, and ensuring compliance with social safeguards,” Cheema’s office said in a statement.
“Cheema stressed that effective coordination between the World Bank and other development partners, as well as streamlined approval processes, would be essential to overcoming these hurdles.”
Cheema also called on the World Bank to enhance Pakistan’s allocation of concessional resources, especially in support of climate change mitigation and foreign debt management.

ISLAMABAD: Pakistan's National Assembly on Thursday passed a bill to amend the country’s cybercrime law amid a walkout by opposition parties and journalists who fear the new legislation will be used to censor social media platforms. 
Pakistan adopted the much-criticized Pakistan Electronic Crimes Act (PECA) in 2016, granting sweeping powers to regulators to block private information they deemed illegal. The law provided for up to seven years in prison for “recruiting, funding and planning of terrorism” online. It also allowed “authorized officers” to require anyone to unlock any computer, mobile phone or other device during an investigation.
The government said at the time restrictions under the new law were needed to ensure security against growing threats, such as terrorism, and to crackdown on unauthorized access, electronic fraud and online harassment. However, journalists and rights activists complain that the law has been largely used to go after journalists, bloggers and other people critical of the government and state institutions like the military. 
The new amendment bill now proposes the establishment of the Social Media Protection and Regulatory Authority to perform a range of functions related to social media, including awareness, training, regulation, enlistment and blocking. SMPRA would be able to order the immediate blocking of unlawful content targeting judges, the armed forces, parliament or provincial assemblies or material which promotes and encourages terrorism and other forms of violence against the state or its institutions. The law also makes spreading disinformation a criminal offense punishable by three years in prison and a fine of two million rupees ($7,150).
“Whoever intentionally disseminates, publicly exhibits, or transmits any information through any information system, that he knows or has reason to believe to be false or fake and likely to cause or create a sense of fear, panic or disorder or unrest in general public or society shall be punished with imprisonment which may extend up to three years or with fine which may extend to Rs2m or with both,” a copy of the bill says.
The bill was presented in the National Assembly on Thursday by Federal Minister Rana Tanveer Hussain from the ruling Pakistan Muslim League-Nawaz party of premier Shehbaz Sharif. 
“The bill will not harm but protect working journalists,” Information Minister Ataullah Tarar told reporters after the passage of the bill. “This is the first time the government has defined what social media is. There is already a system in place for print and electronic media and complaints can be registered against them.”
He said “working journalists” should not feel threatened by the bill, which had to be passed because the Federal Investigation Agency, previously responsible for handling cybercrime, “does not have the capacity to handle child pornography or AI deep fake cases.”
Tarar said the government was also aiming to bring social media journalists, including those operating YouTube accounts, under the tax framework.
The operative part of the new bill outlines that the Social Media Protection and Regulatory Authority would have the power to issue directions to a social media platform for the removal or blocking of online content if it was against the ideology of Pakistan, incited the public to violate the law or take the law in own hands with a view to coerce, intimidate or terrorize the public, individuals, groups, communities, government officials and institutions, incited the public to cause damage to governmental or private property or coerced or intimidated the public and thereby prevented them from carrying on their lawful trade and disrupted civic life.
The authority will also crackdown on anyone inciting hatred and contempt on a religious, sectarian or ethnic basis as well as against obscene or pornographic content and deep fakes.  
Rights activists say the new bill is part of a widespread digital crackdown that includes a ban on X since February last year, restrictions on VPN use and the implementation of a national firewall. The government says the measures are not aimed at censorship.