Pakistan
-
Pakistan Banks’ Association appoints Muneer Kamal as CEO, secretary general
.
[ad_1] Newly-appointed Pakistan Banks’ Association (PBA) CEO and Secretary General Muneer Kamal. —PBA/File KARACHI: The Pakistan Banks’ Association (PBA) Executive Committee has unanimously selected Muneer Kamal as the chief executive officer (CEO) and secretary general of the association, after retirement of Tawfiq A Hussain from the said positions. Hussain will retire on March 31 and…
-
Pakistan to seek US waiver for Iran gas pipeline project | The Express Tribune
.
[ad_1] The federal government has decided to obtain a waiver of US sanctions on the Iran-Pakistan (IP) Gas Pipeline Project, aiming to fulfil contractual obligations with Iran. The caretaker government opted to construct a portion of the 80-kilometre pipeline within its territory to preempt potential legal disputes with Iran in international courts. Pakistan feared facing…
-
Pakistan to get $107m SFD loan for two hydro projects | The Express Tribune
.
[ad_1] ISLAMABAD: The Saudi Fund for Development (SFD) has signed two loan agreements to the tune of $107 million with Pakistan for hydropower projects in Azad Jammu and Kashmir (AJK). A visiting SFD delegation called on Economic Affairs Minister Ahad Khan Cheema in Islamabad. Later, Economic Affairs Division Secretary Dr Kazim Niaz and SFD CEO…
-
World Bank approves $149.7m in financing for projects in Pakistan
.
[ad_1] A person enters the building of the Washington-based global development lender, The World Bank Group, in Washington. — AFP/File The World Bank’s Board of Executive Directors Saturday approved $149.7 million in financing for Pakistan to support Digital Economy Enhancement Project (DEEP) and Sindh Barrages Improvement Project (SBIP). DEEP worth $78 million will support the…
-
Pakistan eyes $300m by selling Panda Bonds to Chinese investors
.
[ad_1] Finance Minister Muhammad Aurangzeb. — APP. Federal Minister for Finance and Revenue Muhammad Aurangzeb has expressed eagerness to tap Chinese investors by selling as much as $300 million in Panda Bonds for the first time ever this year. Panda Bonds are yuan-denominated instruments sold in China by offshore issuers, including companies, multilateral agencies and…
-
Bank holiday in country tomorrow on account of Pakistan Day
.
[ad_1] The State Bank of Pakistan’s (SBP) building. — APP/File The banks across the country will remain closed tomorrow (March 23) on account of Pakistan Day, the State Bank of Pakistan (SBP) said on Friday. The central bank announced the bank holiday a day ahead of the celebration of Pakistan Day, which is a gazetted…
-
Pakistan to discuss Extended Fund Facility with IMF next month | The Express Tribune
.
[ad_1] ISLAMABAD: The matter of an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) will be discussed in Washington next month, Finance Minister Muhammad Aurangzeb said on Friday, as the country looks to alleviate a full-scale economic crisis. The standby $3 billion arrangement with the global lender expires on April 11, and the…
-
Pakistan seeks investment, not loans | The Express Tribune
.
[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif has asked friendly countries that Pakistan needs the injection of critical investment in different projects, instead of loans that add to its debt burden, to rejuvenate the faltering economy. Addressing members of the cabinet at a meeting last week, the premier appreciated the Special Investment Facilitation Council (SIFC), observing…
-
Pakistan reaches staff-level agreement with IMF
.
[ad_1] — AFP/File ISLAMABAD: Talks between Pakistan and the International Monetary Fund (IMF) have successfully reached staff-level agreement for the final review part of the $3 billion Stand-By Arrangement (SBA). “The IMF team has reached a staff-level agreement with the Pakistani authorities on the second and final review of Pakistan’s stabilisation program supported by the…
-
Pakistan asked to reap benefits of Vietnam FTAs | The Express Tribune
.
[ad_1] LAHORE: Vietnam has asked Pakistan to avail itself of the opportunities arising from free trade agreements (FTAs) Hanoi has signed with the European Union, the United States, Britain, Australia, New Zealand, Japan, South Korea and other nations while at the same time Vietnam can benefit from Islamabad’s GSP Plus status. “Vietnam and Pakistan can…
