The Punjab cabinet approved an underground mass transit system for Lahore this Friday, as well as the inclusion of subterranean blue and purple line mass transit projects as a part of the Annual Development Program. The decision was taken at the sixth cabinet meeting, which was chaired by the ...

The Asian Development Bank has approved $554 funds for Pakistan to assist it in its post-floods rehabilitation and reconstruction efforts, reported 24NewsHD TV channel on Monday. The ADB will provide $3 million in technical assistance while the Government of Japan is providing $5 million. The ...

KARACHI – Pakistan and the Asian Infrastructure Investment Bank (AIIB) have signed an agreement for $500 million loan that will provide a breathing room to under-pressure economy of the South Asian country. The AIIB is providing the loan under the Building Resilience with Active Countercyclical ...

The foreign exchange reserves held by the central bank decreased by over 10 percent on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On November 4, the foreign currency reserves held by the SBP were recorded at $7.957 billion, down $956 million ...

Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar has called for greater policy support from the International Monetary Fund (IMF) and multilateral donors in the backdrop of the climate-induced catastrophe and losses suffered by the country. The minister was addressing a meeting ...

ISLAMABAD: World Bank Saturday announced the allocation of $2 billion in funds from existing projects for emergency operations in flood-affected areas to support Pakistan. World Bank Country Director Najy Benhassine announced the decision during a meeting with Finance Minister Ishaq Dar in ...

MANILA, PHILIPPINES - The Asian Development Bank (ADB) has announced to give US$1. 5 billion to deal with the issues of food shortage and inflation. According to sources, the grant will be approved in a couple of days. On Tuesday, the ADB had announced plans to provide at least U$14 billion ...

*ISLAMABAD: The Asian Development Bank (ADB) has placed Pakistan among high-risk countries which will be affected from natural calamities, highlighting that the every year country has suffered losses of US$2 billion from their devastation. * The report link shared by the ADB highlighted that ...

The international organizations and financial institutions Thursday announced immediate assistance of more than 500 million dollars for the flood victims on the appeal of Prime Minister Shehbaz Sharif. The PM chaired an important meeting with the international donors here for providing relief to ...

The federal government borrowed $185.61 million external loans in the first month of the current fiscal year (FY23), shows Economic Affairs data. Pakistan received $78.04 million from multilateral agreements, while $107.56 million was obtained from bilateral agreements during July 2022. For ...