loan
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China’s EXIM Bank rolls over $2.4bn loan to Pakistan
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[ad_1] Representational image of dollars. — AFP Finance Minister Ishaq Dar announced Thursday that the Export-Import Bank of China (EXIM) has rolled over $2.4 billion to Pakistan. This comes as a sigh of relief for the outgoing Pakistan Democratic Movement-led…
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Government takes decisive action against illegal loan apps | The Express Tribune
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[ad_1] KARACHI: In a bold move to tackle the proliferation of illegal loan applications and safeguard consumers from fraudulent practices, the Federal Minister for Information Technology (MoIT) has launched a comprehensive crackdown, instructing the Pakistan Telecommunication Authority (PTA) and the…
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Realisation of $300m loan takes forex reserves past $4bn mark
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[ad_1] A currency exchange dealer counts $100 bills. — AFP/File The forex reserves held by the State Bank of Pakistan (SBP) got a boost after the realisation of a $300 million commercial loan that pushed the money held by central…
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China refinances $1 billion Pakistan loan
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[ad_1] The picture shows $100 notes. — AFP/File In a positive development, China on Friday rolled over a $1 billion loan to Pakistan shoring up the State Bank of Pakistan-held (SBP) foreign exchange reserves. The development came hours after Finance Minister Ishaq…
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In relief for Pakistan, South Korea defers loan worth millions
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[ad_1] The government of Pakistan signs agreement with the Republic of Korea under the G-20 Debt Service Suspension Initiative on May 15, 2023 in Islamabad. — PID The Republic of Korea on Monday differed Pakistan’s loan worth $19.911 million on…
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SBP-held reserves move upwards on back of commercial loan
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[ad_1] A photo of a person holding US dollar bills. — AFP/File The State Bank of Pakistan (SBP)-held foreign exchange reserves increased after the struggling economy received another loan. “The increase in SBP reserves is mainly due to receipt of…
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China rolls over $2b loan to Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: Pakistani Finance Minister Ishaq Dar said on Friday that China had rolled over a $2 billion loan that matured last week, providing relief during the nation’s acute balance of payment crisis. Locking in a rollover had been critical…
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Chinese loan rollover of $2bn in process: govt source | The Express Tribune
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[ad_1] KARACHI: The rollover of a $2 billion Chinese loan to Pakistan that matured on March 23 is in process, a top government source told Reuters. With the country locked in unsuccessful talks to secure bailout funding from the International…
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IMF’s $15.6b loan to Ukraine will be first to a country at war | The Express Tribune
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[ad_1] The International Monetary Fund (IMF) approved a $15.6 billion loan to Ukraine earlier this week, the first time the global lender extended assistance to a country at war, as Pakistan still struggles to fulfil challenging conditions to secure financing…
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SBP-held reserves rise to $4.6bn on Chinese loan
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[ad_1] An undated image of a currency dealer holding $100 notes. — AFP The State Bank of Pakistan (SBP)-held foreign exchange reserves maintained their uptrend for the sixth consecutive session, rising $280 million during the week ended March 17. Foreign…
