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
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
Listen to the article Pakistan Prime Minister Shehbaz Sharif has ordered an increase in the loan amount under the youth program from Rs 500,000 to 1.5 million. A review meeting on small and medium enterprises was held today in Islamabad, chaired by Prime Minister Shehbaz Sharif, during which the Prime Minister directed that a detailed … Read more
An undated image of the World Bank headquarters in Washington DC. — AFP/File Loan approval expected from the World Bank on January 14. Focus on neglected sectors over the next decade. The total amount could reach $40 billion with private loans. ISLAMABAD: Pakistan is set to receive a $20 billion loan from the World Bank … Read more
Electricity transmission towers are pictured in Karachi on July 26, 2022. — Reuters The project will include the installation of advanced metering infrastructure. At least 25 network stations are to be built and upgraded in Lesco. The voltage of four stations on the Sepco network will be increased to 132 kV. ISLAMABAD: The Asian Development … Read more
Secretary of the Ministry of Economic Affairs, Dr. Kazim Niaz, and ADB Country Director, Ms. Emma Fan, signed the loan agreement in a ceremony attended by senior officials of the government and the ADB. —APP Program to stimulate inclusive investments in disaster risk mitigation. Agreement signed after the nod from Minister of Economic Affairs Ahad … Read more