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Japan provides US$ 171,920 for education, health projects ISLAMABAD: The Government of Japan has provided US$ 171,920 approximately Rs. 17 million to two Pakistani NGOs for the improvement of education and health sectors in the country.Japan has provided US$ 101,260 to Learning Awareness and Motivation Program (LAMP) and US$ 70,660 to True Worth Foundation for the improvement of educational and health facilities in disadvantaged areas of the country.The agreements for the two projects were signed here on Thursday between Ambassador of Japan to Pakistan, Hiroshi Inomata and the heads of the two organizations.The grant to LAMP will be utilized for the construction of a primary school in Village Lashora of the Khyber Agency (FATA). It is expected that more than 170 students who are currently studying in open-air classes would be able to learn in a newly-built school building.The grant to True Worth Foundation on the other hand will be utilized for the improvement of the organization's health ...

DFID, FBR sign agreement to enhance revenues ISLAMABAD: Federal Board of Revenue (FBR) and Department for International Development (DFID) United Kingdom here on Thursday signed a Memorandum of Understanding (MoU) to improve taxation system for the prosperity of Pakistan.The MoU was inked by Head of DFID Pakistan Richard Montgomery and Chairman FBR Tariq Bajwa.Federal Minister for Finance, Senator Mohammad Ishaq Dar and Phillip Barton, British High Commissioner to Pakistan also witnessed the signing ceremony.Talking to media persons after signing of the agreement, ...

As Xi visits India, Dalai Lama raises China border woes NEW DELHI/MUMBAI: Tibet's exiled spiritual leader said on Thursday that an unsettled border with China encompassing large parts of the Tibetan plateau was a problem for India and called for talks to resolve the dispute as Chinese President Xi Jinping toured India.The Dalai Lama's remarks in Mumbai came as Indian and Chinese troops were locked in a standoff in a barren western stretch of the Himalayas, souring the goodwill around Xi's trip, which China later ...

India to hold talks with China on civil nuclear cooperation NEW DELHI: India will open talks on civil nuclear energy cooperation with China, Prime Minister Narendra Modi said on Thursday after summit talks with Chinese President Xi Jinping in New Delhi.The announcement, part of the new government's push to broaden its nuclear energy sector, comes on the heels of a deal India struck this month to buy uranium from Australia to increase its fuel supplies."We will begin the process of discussions on civil nuclear energy ...

Islamic Development Bank set to raise $1.5bn with sukuk, tightens pricing DUBAI: The Jeddah-based Islamic Development Bank set the size of its five-year sukuk issue at $1.5 billion on Thursday while tightening the pricing to the low end of its previous guidance, according to a document from the lead arrangers.Final pricing was given at a spread of 10 basis points over mid-swaps; previous guidance was in the range of 10 to 12 bps, and initial price thoughts were 15 bps.The order books were approaching $2 billion, ...

Turkey's Erdogan denies bid to sink lender as Bank Asya row rumbles on ISTANBUL: President Tayyip Erdogan denied on Thursday the existence of any concerted effort in Turkey to sink one of its banks, days after lender Bank Asya said it had been the target of a systematic campaign to undermine it.The Islamic lender, with more than a million deposit-holding customers and 280 branches, is caught at the centre of a power struggle between Erdogan and Fethullah Gulen, an Islamic cleric whose sympathisers founded the bank.Bank Asya Chief ...


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Foreign Debt $61.805bn
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WeeklySeptember 15, 2014
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