Pakistan has secured a $500 million loan from the Asian Development Bank (ADB) for climate protection initiatives. Finance Minister Muhammad Aurangzeb expressed gratitude during a meeting with ADB President Masatsugu…
Loan
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Business
ADB Assures Pakistan of $2 Billion Annually in New Loans Amid Economic Struggles
by Haktaurusby HaktaurusIslamabad: The Asian Development Bank (ADB) has committed to providing Pakistan with $2 billion annually in new loans, as the country grapples with securing cheaper credit due to its deteriorating…
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Finance Minister Aurangzeb Seeks Three-Year Programme to Execute Structural Reforms Pakistan’s Finance Minister Muhammad Aurangzeb has announced that the country has begun discussions with the International Monetary Fund (IMF) for…
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The United States administration has expressed its backing for Pakistan’s endeavors to break free from the daunting cycle of debt and international financing. As Pakistan gears up to seek a…
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National
State Bank of Pakistan Successfully Receives Second Installment of $705.6 Million from IMF
by Haktaurusby HaktaurusThe State Bank of Pakistan (SBP) announced today the successful receipt of the second installment of SDR 528 million, equivalent to $705.6 million, from the International Monetary Fund (IMF). This…