The PTI government has incurred $39.7 billion in foreign loans and grants during its tenure of 40 months. The Ministry of Economic Affairs Division has compiled its performance report under the PTI regime in this regard. The PTI government has availed $39.7 billion loan and grants from August ...

The government incurred foreign debt of $3.898 billion from multiple financing sources in the first four months (July-October) of 2021-22 compared to $3.255 billion during the same period of last year. The Ministry of Economic Affairs’ data shows that the government has received $2.773 billion ...

The United States will contribute seven million dollars to the Asian Development Bank’s ongoing support for Ehsaas Programme to address the secondary effects of COVID-19 in Pakistan. A signing ceremony in this regard was held in Islamabad, which was attended by USAID Mission Director Julie ...

Asian Development Bank is expected to approve 600 million dollars program for Pakistan’s social protection during the first week of next month. This was stated by the Bank's Director General of Central and West Asia, Eugenue Zhukov, during a meeting with Advisor to the Prime Minister on Finance ...

Country Director Asian Development Bank (ADB), Yong Ye, called on Federal Minister for Economic Affairs, Omar Ayub Khan, at the Ministry of Economic Affairs, Islamabad, on Thursday. Omar Ayub Khan congratulated Yong Ye on assuming the charge of ADB Country Director in Pakistan. In the meeting, ...

ISLAMABAD — Pakistan’s economic growth rebounded to 3.9% in fiscal year (FY) 2021 (ending 30 June 2021) and is expected to reach 4.0% in FY2022 as business activity gradually resumes in the second year of the coronavirus disease (COVID-19) pandemic, the Asian Development Bank (ADB) said in ...

Pakistan incurred a foreign debt of $10.195 billion from multiple financing sources during July-April of 2020-21, including $3.246 billion from foreign commercial banks (32 percent) against the total budgeted external loans of $12.233 billion for the entire fiscal year 2020-21. The Economic ...

The Asian Development Bank (ADB) and World Bank (WB) in a joint study titled “Climate Risk Country Profile” for Pakistan have estimated that Pakistan is facing up to $3.8 billion in annual economic loss due to climate change as temperatures are likely to witness an increase of up to 2.5 degrees ...

The Minister for Economic Affairs, Omar Ayub Khan, and the Chief Minister (CM) of Khyber Pakhtunkhwa (KP), Mahmood Khan, witnessed the signing of the financing agreement of the Balakot Hydropower Development Project amounting to $300 million. The loan agreement was signed by the Economic Affairs ...

KARACHI – The Pakistani rupee has surfaced as the world’s best-performing currency as it strengthened against the US dollar in the past three months of 2021. PKR strengthened in the wake of excessive inflow of foreign currency from global sources compared to a limited outflow during the ...