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IMF predicts inflation hike in Pakistan next year

ISLAMABAD: A report of International Monetary Fund (IMF) has warned that the prices of commodities will rise in Pakistan from the next year, ARY News reported on Monday. The report said that the inflation in Pakistan would hit 5.2% in 2017…

ADB upgraded BISP rating from A to A+: Marvi Memon

ISLAMABAD: Minister of State and Chairperson Benazir Income Support Program (BISP) MNA Marvi Memon on Monday said BISP has successfully achieved Disbursement Linked Indicators (DLIs) under World Bank, DFID and Asian Development Bank (ADB)…

China-backed AIIB approves first loans

BEIJING: The China-backed Asian Infrastructure Investment Bank (AIIB) approved its first four loans totalling over half a billion dollars, it announced Friday, as it joined forces with putative rivals to finance projects across Asia.

ADB approves $1.4 bn for Pakistan energy sector

ISLAMABAD: The Asian Development Bank said Friday it has approved combined loan assistance to Pakistan of nearly $1.4 billion for programmes targeting its power sector, a crucial boost as Islamabad struggles to resolve a years-long energy…