ADB for higher investments in hydropower Recommends country for decrease in energy subsidies Updated 24 Dec, 2022 10:11am
Opinion IMF, the ‘lifeline’ of Pakistan Since the creation of Pakistan, its policy makers, politicians, and the rulers, all have been struggling to manage... Published 22 Dec, 2022 05:57am
Print External sources: Jul-Nov govt borrowing rises to $5.114bn from $4.699bn YoY ISLAMABAD: The government has borrowed $5.114 billion from multiple financing sources, including $1.166 billion from... Updated 20 Dec, 2022 09:38am
Editorials Reliance on foreign borrowing EDITORIAL: Pakistan has secured 775 million dollars from the Asian Development Bank (ADB) in support of the recovery... Published 20 Dec, 2022 05:58am
Print ‘All is not well’ on economic front: Aisha Minister of State for Finance and Revenue acknowledges country is under stress, but will not default on the external obligation Updated 17 Dec, 2022 08:52pm
Print Flood recovery efforts: Five financing pacts worth $775m inked with ADB ISLAMABAD: The government of Pakistan and the Asian Development Bank (ADB) Thursday signed five financing agreements... Updated 16 Dec, 2022 09:30am
Business & Finance ADB cuts developing Asia growth projection on China slowdown MANILA: The Asian Development Bank trimmed its economic growth forecast for developing Asia on Wednesday, with... Published 15 Dec, 2022 07:39am
Business & Finance Road & transport sector: NCC-FFP for prompt implementation of 12 projects worth $5.6bn ISLAMABAD: The National Coordination Committee on Foreign-Funded Projects (NCC-FFP) on Wednesday reviewed 12 ongoing... Published 15 Dec, 2022 06:00am
Business & Finance Floods deteriorate FY23 economic outlook: ADB ISLAMABAD: Pakistan’s economic outlook for the fiscal year 2023 (ending June 30, 2023) has deteriorated following... Updated 15 Dec, 2022 09:55am
Business & Finance Punjab: ADB approves $100m loan for TVET ISLAMABAD: The Asian Development Bank (ADB) has approved a $100 million loan to help improve technical and ... Published 14 Dec, 2022 07:22am
Print ADB describes energy plan as ‘less than effective, efficient’ ISLAMABAD: The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated “Pakistan:... Updated 14 Dec, 2022 09:53am
Print Greater Thal project uplift: Punjab not serious about $200m ADB soft loan: NA told ISLAMABAD: Minister for Economic Affairs Sardar Ayaz Sadiq said on Tuesday that Punjab is not behaving seriously for... Updated 14 Dec, 2022 10:31am
Business & Finance ADB approves $554m financing package ISLAMABAD: The Asian Development Bank (ADB) has approved $554 million financing package, including new and... Published 13 Dec, 2022 05:58am
Pakistan Flood relief: ADB approves $554mn financing package Package includes $475mn loan and $3mn technical assistance grant, plus $5mn grant from Japan Updated 12 Dec, 2022 06:03pm
Print Construction of Greater Thal Canal: Punjab slams Centre for ‘refusing’ to sign loan agreement LAHORE: Provincial Finance Minister Mohsin Laghari has said that the refusal of the federal government to sign a... Updated 12 Dec, 2022 09:44am
Print CARs: ADB lists barriers to trade flows ISLAMABAD: Pakistan has borders with only two CAREC members - Afghanistan and the PRC - limiting the trade flows ... Updated 09 Dec, 2022 04:18pm
Print Amendments to power plants’ documents,transition from USD Libor benchmark to SOFR: MoF urges PD to nominate body as focal point ISLAMABAD: The Ministry of Finance has urged the Power Division to nominate a body as focal point to facilitate... Updated 09 Dec, 2022 09:31am
Business & Finance ECNEC approves 10 development projects worth Rs415.8bn ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) has approved 10 development projects... Published 07 Dec, 2022 05:54am
Business & Finance ADB approves ‘KP Water Resources Development Project’ ISLAMABAD: The Asian Development Bank (ADB) has approved “Khyber Pakhtunkhwa Water Resources Development ... Published 04 Dec, 2022 03:37am
Business & Finance Annual report on foreign assistance: Debt can be productive if used for creating assets: EAD ISLAMABAD: The Economic Affairs Division (EAD) stressed that a prudent external debt management strategy coupled ... Published 30 Nov, 2022 05:53am
Print Agreements with IPPs: DFIs underscore need for amendments DFls are in the process of coordinating proposals for amendments to be made to the financing agreements and are sharing these with the IPPs to which they lend Updated 28 Nov, 2022 10:55am
Print Policy rate hiked to 16pc to quell biting inflation Including this 100bps increase, SBP has raised its key rate by 625bps cumulatively in 2022 Policy rate jumps to 23-year high Updated 26 Nov, 2022 12:48pm
Business & Finance Energy sector: ADB sending mission for proposed policy-based loan ISLAMABAD: The Asian Development Bank (ADB) is fielding a consultation mission for the proposed policy-based loan... Updated 26 Nov, 2022 09:58am
Pakistan Net FDI in Pakistan falls over 52% in first four months of FY23 Net Foreign Direct Investment (FDI) in Pakistan dropped 52.1% during the first four months of the ongoing fiscal ... Updated 21 Nov, 2022 07:25pm
Business & Finance Government borrows $4.25bn during Jul-Oct period This is higher when compared to $3.898 billion borrowed during the same period of last fiscal year Updated 19 Nov, 2022 11:42pm
Pakistan POF showcases new products at IDEAS-2022 KARACHI: POF has showcased new products in IDEAS-2022 being held at Expo Centre Karachi. POF has launched 125 ... Published 18 Nov, 2022 05:53am
Pakistan Rs12.20bn aid being given to 55,400 flood victims, says CM LAHORE: Announcing that a total of Rs12.20 billion in aid is being given to 55,400 flood victims, Chief Minister... Published 18 Nov, 2022 05:53am
Print Staff-level mission date not finalised: IMF wants required adjustments Political situation is also one of the factors behind delay in fielding a staff-level mission by the IMF Updated 16 Nov, 2022 11:17am
Business & Finance ADB country director meets Wapda chief LAHORE: Asian Development Bank (ADB) Country Director Yong Ye called on Chairman Wapda Lt Gen Sajjad Ghani (retd) to... Published 15 Nov, 2022 06:28am
Pakistan Sindh subjected to worst shortage despite providing 60pc of local gas: Wahab KARACHI: Administrator Karachi Murtaza Wahab has noted that despite contributing 60 percent of the total domestic... Published 13 Nov, 2022 03:03am