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Tahir Amin

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Moody's upgrades outlook

Moody's Investors Service (Moody's) on Monday affirmed the government of Pakistan's local and foreign currency long-term issuer and senior unsecured debt ratings at B3 and changed the outlook to stable from negative.
Published 03 Dec, 2019 12:00am
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Senate body told: Finance Division deducting interest on NHA CDLs

Finance Division has been deducting interest on $10 billion cash development loans (CDLs) of National Highway Authority (NHA) from allocations made through the Public Sector Development Program (PSDP) and consequently it causes delays and escalates projec
Published 03 Dec, 2019 12:00am
PTA strongly reacts to report on internet freedom
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PTA strongly reacts to report on internet freedom

Pakistan Telecommunication Authority (PTA) has strongly protested with Freedom House, a US-based organisation, while terming its report on Pakistan regarding internet freedom heavily biased and one-sided.
Published 01 Dec, 2019 12:00am
Business

NHA board suggests two flyovers over level crossings to Ecnec

The National Highway Authority (NHA) Executive Board has recommended the PC-1 for construction of Lodhran-Multan Section (North Bound 62km) of N-5 and construction of two flyovers at the railways crossing on Lodhran Bypass at a cost of Rs 13.002 billion f
Published 28 Nov, 2019 12:00am
Pakistan

Government gets $784.97m loan from foreign banks

The government procured $784.97 million from foreign commercial banks (around 30 percent) out of total external loans of $2.525 billion in the first four months (July-October) of 2019-20 and around 50 percent more than the comparable period of last year (
Published 27 Nov, 2019 12:00am
Business

EAD signs five financing agreements with World Bank

The Economic Affairs Division (EAD) signed five financing agreements worth $787 million with the World Bank on Tuesday for projects related to urban mobility, urban management and service delivery, improved water and sewerage services, and tourism and pow
Published 27 Nov, 2019 12:00am
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Cross-border trade: ADB identifies major impediments

The Asian Development Bank (ADB) has pointed out major impediments that are detrimental to Pakistan's competitiveness in cross-border trade, ie, time taken to clear border-crossing point, transportation cost and cost incurred at border clearance.
Published 15 Nov, 2019 12:00am