ISLAMABAD – The Saudi Fund for Development (SFD) has signed a $240 million loan agreement to support Pakistan's Mohmand Multipurpose Dam Project, a major hydropower complex that will contribute to energy security, increase sustainable water supply and improve resilience to floods in the ...

The government has borrowed $6.134 billion from multiple financing sources during the first seven months (July-January) of 2022-23 compared to $12.022 billion borrowed during the same period of last fiscal year. The Economic Affairs Division data shows that the country borrowed $200 million from ...

RAWALPINDI: Pakistan and Turkey have reaffirmed the commitment to forge deeper strategic ties. This understanding came during a meeting between Chief of General Staff Turkish Armed Forces General Yasar Guler and Chairman Joint Chiefs of Staff Committee General Nadeem Raza in Rawalpindi. Besides ...

ISLAMABAD – The 48th session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC) began in the federal capital of Pakistan on Tuesday. Representatives of over 50 Islamic countries and China are attending the conference that is being held under the them of ...

Pakistan and Islamic Development Bank (IDB) have signed three framework agreements amounting to 180 million dollars for Mohmand Dam Hydropower Project. The agreements were signed in Islamabad on Monday. Minister for Economic Affairs Omar Ayub Khan and President of Islamic Development Bank ...

Secretary General of OIC Hissein Ibrahim Taha and President of Islamic Development Bank Dr Muhammad Sulaiman Al Jasser arrived in Islamabad on Monday morning to attend the 48th session of the Council of Foreign Ministers of the Organization of Islamic Cooperation beginning tomorrow. Both the ...

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 ...

Minister for Economic Affairs, Makhdum Khusro Bakhtyar, witnessed the signing ceremony of the International Islamic Trade Finance Corporation’s (ITFC) Annual Financing Plan 2021 for the Government of Pakistan, amounting to $1.1 billion. The document was signed by Secretary Economic Affairs ...

Pakistan, Afghanistan, Uzbekistan have signed a roadmap for the landmark Mazar-i-Sharif-Kabul-Peshawar railway track project. The signing ceremony for the multi-billion-dollar railway project was held in the Uzbek capital Tashkent on Tuesday. The project terms as a key step forward as it will ...

Islamic Development Bank (IsDB) will provide financing of $60 million to Pakistan for the polio vaccine, including a $21 million ‘Lives and Livelihood Fund (LLF)’ grant. Economic Affairs Division, on behalf of the government of Pakistan, signed a financing agreement with the representative of ...