Mohmand Dam project: Kuwaiti Fund mission arrives to seal loan deal ISLAMABAD: A Kuwait Fund Appraisal Mission is on a visit to Pakistan to discuss and finalise loan agreement on... Updated 18 Oct, 2022 09:43am
Print NA panel informed: Dasu project won’t be completed by May 2024 ISLAMABAD: The Dasu Hydropower (Phase-I) project would not be completed even by the revised schedule of May 2024,... Updated 29 Sep, 2022 09:49am
Pakistan Pakistan incurs $439mn of external debt in first two months of FY23: EAD Govt has budgeted estimates of foreign assistance of $22.8bn for current financial year Updated 24 Sep, 2022 09:36pm
Print Post-flood challenges: Govt won’t opt for debt rescheduling or moratorium: MoEA ISLAMABAD: Pakistan will not opt for debt rescheduling or moratorium to meet floods-related challenges as it is not... Updated 17 Sep, 2022 12:23pm
Print Around $17bn foreign debt incurred in FY22 Around $4.9 billion was taken from foreign commercial banks Updated 26 Jul, 2022 10:00am
Pakistan Hiring of financial advisors: Govt decides to amend PC Regulations ISLAMABAD: The government has decided to amend the Privatisation Commission (Hiring of Financial Advisers)... Published 25 Jun, 2022 04:42am
Business & Finance Procurement of Financial Advisory Services: EAD asked to explore funding possibilities ISLAMABAD: Minister for Finance, Miftah Ismail, has directed that development partners be approached for funding... Published 18 Jun, 2022 06:00am
Print Over $13bn debt incurred in 10 months: EAD External inflows during the corresponding period (July-April) of fiscal year 2020-21 were $10.195 billion Updated 24 May, 2022 09:55am
Print World Bank, Wapda holding talks on setting up of 300MW floating solar project ISLAMABAD: The World Bank and Water and Power Development Authority (Wapda) are reportedly holding talks on... Updated 21 Apr, 2022 10:29am
Print Caretaker setup empowered to procure new loans ISLAMABAD: A caretaker setup is empowered to procure new external loans but not to impose new taxes when the ... Updated 07 Apr, 2022 10:54am
Business & Finance $12.178bn foreign debt incurred in first 8 months of FY22 ISLAMABAD: Pakistan incurred foreign debt of $12.178 billion from multiple financing sources in the first eight... Updated 26 Mar, 2022 10:48am
Print ECC nod sought for 15 debt rescheduling agreements ISLAMABAD: Economic Affairs Division (EAD) has sought nod from the Economic Coordination Committee (ECC) to sign 15... Updated 15 Mar, 2022 10:00am
Print World Bank briefs ministry about projects being funded by it Out of 54 projects, 23 projects worth $7.8bn are being implemented by the federal government against which $3.4 bn has been disbursed so far Updated 12 Feb, 2022 05:38pm
Print 54 projects being implemented through World Bank funding Federal Minister for Economic Affairs directs EAD officials to set up a project management unit for effective monitoring of development schemes Updated 10 Feb, 2022 10:17am
Business & Finance Jul-Dec: Pakistan incurs $9.432bn foreign debt ISLAMABAD: Pakistan incurred foreign debt of $9.432 billion from multiple financing sources in the first half months... Updated 26 Jan, 2022 12:10pm
Pakistan The Sajid Majeed Chaudhry issue: EAD underscores need for forming ‘independent’ commission of inquiry ISLAMABAD: The mystery of Sajid Majeed Chaudhry’s whereabouts and his linkages with Lashkar-e-Taiba is said to ... Published 04 Jan, 2022 06:54am
Business & Finance Fiscal year 2021-22: $4.7bn foreign debt incurred in first 5 months ISLAMABAD: Pakistan incurred foreign debt of $4.7 billion from multiple financing sources in the first five months... Updated 24 Dec, 2021 09:56am
Business & Finance Pakistan inks $1.5bn loan agreements with ADB The projects signed today mark ADB’s strong commitment for Pakistan’s post-pandemic recovery and sustainable development, says Yong Ye, ADB’s Country Director for Pakistan Updated 22 Dec, 2021 06:54pm
Print All set for inking $1.5bn loan agreements with ADB ISLAMABAD: Pakistan and the Asian Development Bank (ADB) will sign six financing loan agreements worth $1.535 ... Published 22 Dec, 2021 06:13am
Print Fawad directs EAD, FIA to probe allegations against FAFEN ISLAMABAD: Minister for Information and Broadcasting Chaudhry Fawad Hussain said on Saturday that former Chief of... Published 21 Nov, 2021 03:26am
Business & Finance Import of POL products: ITFC to provide $761.5mn Murabaha financing to Pakistan The International Islamic Trade Finance Corporation (ITFC), an autonomous subsidiary within the Islamic Development... Published 04 Nov, 2021 04:22pm
Business & Finance Wide-ranging cooperation on the cards: Russia shows interest in PSM revival ISLAMABAD: While showing concern at the slow pace of implementation of previous pacts, Russia has shown an interest... Updated 01 Nov, 2021 10:24am
Print Fixation of cotton intervention price: Cabinet refers back ECC’s decision ISLAMABAD: The Federal Cabinet has referred back a decision of the Economic Coordination Committee (ECC) on fixation... Updated 28 Jul, 2021 10:09am
Pakistan Multiple financing sources: $10.195bn foreign debt incurred: EAD ISLAMABAD: Pakistan incurred foreign debt of $10.195 billion from multiple financing sources during July-April of... Published 26 May, 2021 03:45am
Print Saudi Arabia to extend $500m long-term concessional loan ISLAMABAD: Saudi Arabia is to extend long-term concessional loan of $ 500 million (Saudi Riyal, 1.875 billion) to... Published 07 May, 2021 04:35am
Editorials Ominous challenges before PM’s team EDITORIAL: Shaukat Tarin’s appointment as Minister for Finance with additional portfolio of Revenue two weeks ... Published 20 Apr, 2021 03:59am
Pakistan IA inked with Germany to improve labour, social standards ISLAMABAD: The Ministry of Commerce and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Germany... Published 01 Apr, 2021 04:10am
Pakistan Credit Financing Agreement worth 65m euros signed ISLAMABAD: Secretary of Economic Affairs Division (EAD) Noor Ahmed, Ambassador of France Marc Barety and Country... Updated 18 Mar, 2021 09:24am
Print ML-1 facing delay in absence of firm loan commitment ISLAMABAD: Pakistan Railways ML-1 project package-1 is reportedly facing delays as China has not formally... Published 17 Feb, 2021 04:24am
Pakistan Chakdara-Timargarah Road: $49.045m loan agreement for N-45 inked with EXIM Bank of Korea ISLAMABAD: The government of Pakistan on Thursday signed a loan agreement of $49.045 million for Chakdara-Timargarah... Updated 29 Jan, 2021 09:46am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees