An image not dated to the headquarters of the World Bank in Washington DC. – AFP / File Islamabad: The World Bank approved a loan of $ 300 million International Development Association (IDA) for the Punjab Clean Air (PCAP) program to strengthen air quality management and combat air pollution. SMOG reaching dangerous levels every winter, … Read more
Prime Minister Shehbaz Sharif addresses the Prime Minister’s digital center audience in Islamabad on March 27, 2025. Pakistan will receive a billion dollar IMF loan, said Prime Minister Shehbaz. PM promises to reduce expenses, to invest in the training of young people. The stability obtained, the IMF hopes program will be the last. Islamabad: Prime … Read more
A man passes in front of the logo of the International Monetary Fund (IMF) at his head office in Washington, United States, May 10, 2018. – Reuters The personnel agreement remains unresolved despite progress. Frequent policy changes hinder IMF negotiations. Praises the implementation of the program and budgetary reforms. Islamabad: Pakistan and the International Monetary … Read more
Tickets in US dollars are seen in this illustration taken on March 10, 2023. – Reuters The Ministry of Finance confirms the extension of loans reimbursement in China. The loan was initially the reimbursement on March 24. Pakistan is currently facing economic challenges. Islamabad: China has extended the Pakistani loan repayment period of $ 2 … Read more
China extended the repayment period for a loan of $ 2 billion in Pakistan by one year, providing crucial financial relief to the country, the Ministry of Finance confirmed on Saturday. The loan was initially the reimbursement on March 24, but China agreed to postpone it to support the efforts of economic stability and collection … Read more
A man passes in front of the logo of the International Monetary Fund (IMF) at his head office in Washington, United States, May 10, 2018. – Reuters Pakistan approves new tax measures, privatization efforts for the IMF. The government aims for economic growth after reaching stability. Pakistan is expected to receive $ 1 billion as … Read more
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 … Read more