billion

The IFC chief says that the annual investment of $ 2 billion in Pakistan is not a difficult target Blogging Sole

by
The IFC chief says that the annual investment of $ 2 billion in Pakistan is not a difficult target Blogging Sole

The director general and vice-president director of the International Finance Corporation, Makhtar Diop and the Minister of Finance, Mohammad Aurangzeb, serve a hand after a meeting in the finance division. – PID IFC doubles Pakistan, considering funding for large infrastructure. Focus on investment in the infrastructure, agri, digital, financial sectors. Said that the country needs … Read more

Visit of the head of IFC Sparks hopes for $ 20 billion in private sector boost Blogging Sole

by
Visit of the head of IFC Sparks hopes for $ 20 billion in private sector boost Blogging Sole

Mukhtar Diop, Director General General Finance Corporation (IFC). – IFC website / file The visit is on the heels of approval by the WB group of the transformative strategy. The Country Partnership Strategy promises $ 20 billion in spending over the next decade. IFC Investments to strengthen the country’s private sector, with an average of … Read more

Shipments of funds reached $ 3 billion in January, motivated by reforms, repression of illegal canals Blogging Sole

by
Shipments of funds reached $ 3 billion in January, motivated by reforms, repression of illegal canals Blogging Sole

A money changer counts American ticket tickets in a exchange office in Ankara, Türkiye on November 11, 2021. – Reuters Despite the Boycott call from Pakistan Tehreek-e-insaf (PTI), the founder of the Imran Khan founder, funding of funds inflated from 25.2% to 3 billion dollars in January 2025, against 2.397 billion dollars recorded During the … Read more

Elon Musk’s offer at $ 97.4 billion for Openai Sparks compete with CEO Sam Altman Blogging Sole

by
Elon Musk’s offer at $ 97.4 billion for Openai Sparks compete with CEO Sam Altman Blogging Sole

The Openai logo is seen in front of the photo of Elon Musk in this illustration taken on March 11, 2024. – Reuters Washington: The Elon Musk technological billionaire would have offered $ 97.4 billion to acquire the non -profit organization behind Openai, the Wall Street Journal reported on Monday. Development comes from months after … Read more

Exports from Pakistan see a boost of 10%, reaching $ 19.55 billion in July-Jan Blogging Sole

by
Exports from Pakistan see a boost of 10%, reaching $ 19.55 billion in July-Jan Blogging Sole

The ships go through a container loaded with cargo at the port of Karachi. – AFP / File Imports increased by 6.95%, going to $ 33 billion compared to $ 30.9 billion. January exports 4.59%, but imports increase by 10%. The Pakistan CAD has been surplus since August 2024. Islamabad: Pakistan exports jumped 10% in … Read more

Pakistan signs an agreement to defer a payment of $ 1.2 billion for Saudi oil Blogging Sole

by
Pakistan signs an agreement to defer a payment of $ 1.2 billion for Saudi oil Blogging Sole

Prime Minister Shehbaz Sharif witnesses the signing of the agreements between the government of Pakistan and the development of the Saudi fund, Islamabad, February 3, 2025. – PID Pakistan to import oil into delayed payment for a year. PM Shehbaz, CEO of SFC signature of the agreements. The CEO of SFD provides early treatment for … Read more

Big Tech faces heat while China’s deep tights doubt about $ 1 billion spending Blogging Sole

by
Big Tech faces heat while China’s deep tights doubt about $ 1 billion spending Blogging Sole

The Deepseek logo and the Chinese flag are seen in this illustration taken on January 27, 2025. – Reuters Deepseek says it took less than $ 6 million to build an AI model. The price of Deepseek “blows” competition. This could, according to analysts, trigger a price war for AI services. Chinese startup Deepseek’s cheaper … Read more

Pakistan could become an economy of $ 1,000 billion by 2035, according to the Vice-President of the World Bank Blogging Sole

by
Pakistan could become an economy of $ 1,000 billion by 2035, according to the Vice-President of the World Bank Blogging Sole

One person enters the building of the global development organization based in Washington, the World Bank group, in Washington. – AFP/File Pakistan should focus on under-controlled factors: to rekindle. The BM vice-president declares that the loan of $ 20 billion in Pakistan is “conditional and indicative”. “Pakistan has capacities that could be used to attract … Read more

Pakistan grants $1 billion loan to two Middle East banks: FinMin Aurangzeb Blogging Sole

by
Pakistan grants billion loan to two Middle East banks: FinMin Aurangzeb Blogging Sole

Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at his office in Islamabad, Pakistan, July 19, 2024. — Reuters/File Pakistan signs term sheets, one bilateral, one for trade: FinMin. The first evaluation of the EFF is scheduled for the end of February, says Aurangzeb. The minister invites global players to invest in priority … Read more

UAE confirms refinancing of $2 billion loan to Pakistan (SBP) Blogging Sole

by
UAE confirms refinancing of billion loan to Pakistan (SBP) Blogging Sole

A currency dealer counts US dollars at a store in Karachi. — AFP/File Deposits placed with the SBP matured in January 2025. Prime Minister Shehbaz confirmed the postponement during Tuesday’s meeting. Foreign exchange reserves amount to $16,450.9 million. The United Arab Emirates (UAE) has confirmed the refinancing of its two deposits of $1 billion each, … Read more

Malnutrition costs Pakistan $17 billion a year: report Blogging Sole

by
Malnutrition costs Pakistan billion a year: report Blogging Sole

A doctor treats a little girl at the Mithi Civil Hospital, in Mithi, Sindh, on May 25, 2018. — AFP/File 34% of children under five are stunted nationwide. Stunted growth is seen as the main consequence of inaction. Pakistan has the highest prevalence of stunting in South Asia. ISLAMABAD: Due to the ongoing undernourishment crisis, … Read more

The salaried class contributes Rs 368 billion to become the third largest taxpayers in FY24 Blogging Sole

by
The salaried class contributes Rs 368 billion to become the third largest taxpayers in FY24 Blogging Sole

An undated image of the Federal Board of Revenue (FBR) building in Islamabad. – APPLICATION The contracts contribute Rs 496 billion to revenue collection in FY2024. Taxes collected on bank profits and securities up 52.8% to Rs489 billion. Tax revenue from telephone bills increased by 14.3% to nearly Rs 100 billion. ISLAMABAD: The salaried segment … Read more