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Pakistan to receive $3bn from World Bank for power sector’s infrastructure development
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[ad_1] An image of World Bank headquarter. — AFP/File ISLAMABAD: Pakistan will receive over $3 billion from World Bank for the development of infrastructure in the power sector, the government announced Monday. According to an official statement in this regard, the…
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Dar calls for greater support from IMF, World Bank | The Express Tribune
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[ad_1] WASHINGTON: Finance Minister Senator Ishaq Dar on Sunday called for greater policy support from the International Monetary Fund (IMF) among other multilateral donors in Washington DC, US. It may be noted here that Dar is presently leading Pakistan’s delegation…
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Ishaq Dar leaves for US to hold talks with IMF, World Bank
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[ad_1] Finance Minister Ishaq Dar. Photo: Radio Pakistan/ file ISLAMABAD: Finance Minister Ishaq Dar left for the United States Tuesday to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank, said the finance ministry….
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World Bank to provide $2 billion in flood relief to Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The World Bank has announced a $2 billion fund to eke out the reconstruction of infrastructures and rehabilitation of millions of flood victims across Pakistan. World Bank Country Director Najy Benhassine announced the decision during a meeting with…
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Floods to drag up to 9 million Pakistanis into poverty: World Bank
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[ad_1] Internally displaced people use a boat to cross the flooded area in Dadu district, Sindh province on September 27, 2022. — AFP/File ISLAMABAD: Between six and nine million Pakistanis are set to be dragged into poverty as a result…
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Pakistan to receive $1.7b from World Bank in flood relief assistance
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[ad_1] Martin Raiser, the World Bank’s Regional Vice President for South Asia called on Power Minister Khurram Dastgir in Islamabad on September 22, 2022. PID Martin Raiser, the World Bank’s Regional Vice President for South Asia, said the bank plans…
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SME Bank can help build better businesses | The Express Tribune
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[ad_1] KARACHI: Sector-specific SME Bank can help small and medium enterprises (SMEs) across Pakistan to build back better from financial constraints. Therefore, there is a dire need to restructure the SME Bank and redefine its role in the development of…
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Central bank receives $2.3b Chinese loan | The Express Tribune
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[ad_1] KARACHI: Pakistan received the much-awaited Chinese commercial loan of $2.3 billion on Friday, which improved the country’s foreign exchange reserves back into double digits at over $10 billion. The Chinese loan, which has been rolled over, is the first…
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Energy sector largest bank defaulter | The Express Tribune
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[ad_1] KARACHI: Pakistan’s energy sector continued to remain the largest defaulter in the repayment of loans to banks in calendar year 2021, as banks’ non-performing loans (NPLs) increased 3.8% (or Rs31 billion) during the year. “Sector-wise analysis indicates that the…
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EXIM Bank set up to meet IMF’s demand | The Express Tribune
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[ad_1] ISLAMABAD: The government has fulfilled another condition of the International Monetary Fund (IMF) for the revival of the bailout package as it got the bill backing the establishment of the Export-Import Bank of Pakistan passed from the National Assembly…
