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Pakistan to receive $3 billion from ‘friendly country’: Ishaq Dar
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[ad_1] Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar addresses during the All Pakistan Chartered Accountants Conference 2022 on Sustainability, Technology and Transformation held in Islamabad on October 19, 2022. — PPI Finance Minister Senator Ishaq Dar said Friday, without naming the nation, that Pakistan would receive $3 billion from a “friendly country”.…
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IT projects worth Rs1.06 billion approved | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Minister for IT and Telecommunication (ITT) Syed Aminul Haque said that as directed by the government, broadband, optical fibre cable (OFC) and other connectivity projects were continuously being rolled out in the rural and urban areas of Sindh without any discrimination. “A project to provide mobile and high-speed internet services in…
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Pakistan owes creditors Rs49,200 billion, says Dar | The Express Tribune
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[ad_1] ISLAMABAD: The total volume of debt on Pakistan has risen to Rs49,200 billion, the National Assembly was informed on Monday. Finance Minister Ishaq Dar said that on June 30, 2022 the domestic debt on the country was Rs31,000 billion while the external debt amounted to Rs18,160 billion. Earlier, a report of 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 Finance Minister Ishaq Dar in Islamabad on Saturday, saying the funds will be allocated from…
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SBP injects Rs492 billion into banks | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank provided Rs491.70 billion to the conventional and Shariah-compliant banks for a longer period of two and a half month for the first time apparently to bring down the interest rate on financing to the government. “In an immediate reaction to the injection for the longer period, the yield on three-month…
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China deposits $2.3 billion to boost SBP reserves | The Express Tribune
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[ad_1] China has deposited $2.3 billion in State Bank of Pakistan (SBP) to boost Pakistan’s sliding foreign exchange reserves, Finance Minister Miftah Ismail announced on Friday. “I am pleased to announce that Chinese consortium loan of RMB 15 billion (roughly $2.3 billion) has been credited into SBP account today, increasing our foreign exchange reserves,” he…
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China agrees to provide $2.3 billion loan amid economic crisis | The Express Tribune
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[ad_1] ISLAMABAD: Minister for Finance and Revenue Miftah Ismail on Wednesday announced the good news that the Chinese consortium of banks had signed the RMB 15 billion ($2.3 billion) loan facility agreement after it was signed by the Pakistani side a day earlier. “The Chinese consortium of banks has today signed the RMB 15 billion…
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Balochistan govt unveils budget with total outlay of over Rs612 billion
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[ad_1] Balochistan Finance Minister Sardar Abdul Rehman Khetran address the provincial budget session at the Balochistan Assembly in Quetta, on June 21, 2022. — YouTube/PTV QUETTA: The Balochistan government Tuesday unveiled the budget with a total outlay of over Rs612 billion for the fiscal year 2022-23. In his speech at the provincial assembly, Balochistan Finance…
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Rs16.6 billion allocated for agriculture sector | The Express Tribune
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[ad_1] KARACHI: The Sindh government has allocated Rs16.652 billion for the agriculture sector in the budget for fiscal year 2022-23. The provincial government aims to improve the irrigation system with the financial support of the World Bank under the Sindh Irrigated Agriculture Productivity Enhancement Project (SIAPEP). SIAPEP’s implementation will help in improvement of water courses,…
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Italy becomes ‘billion dollar’ export market | The Express Tribune
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[ad_1] ISLAMABAD: At a time when Pakistan’s economy is struggling with the ever-widening trade deficit, some of its export markets are displaying an exceptional growth. Italy is among the countries where Pakistan’s exports have been rising phenomenally despite the tough market conditions caused by the Covid health emergency, said a statement issued on Tuesday. Italy…
