Pakistan on Tuesday signed loan agreement worth $787 million with the World Bank to revamp water supply and sewerage system in the country.
The Economic Affairs Division here on Monday signed a trade financing facility amounting to $551 million with the International Islamic Trade Finance Corporation (ITCF) for import of oil and liquefied natural gas (LNG)
BEIJING: As President Xi Jinping gathered together leaders from almost all countries of Africa for a summit in Beijing in recent days, some former Chinese officials and state media were busy mounting an unusually strong defense of China’s role in the continent. China has long bristled at accusations, mostly from Western nations, that it is solely interested in Africa’s raw materials, and that its no-strings-attached approach to loans and aid has only encouraged graft and brought unsustainably high debt. At the few news…
ISLAMABAD: Asian Development Bank (ADB) will provide loan worth US $300 million for Public Sector Enterprises Reform Program (subprogram-2). The loan agreement was signed by Mr. Tariq Mahmood Pasha, Secretary Economic Affairs Division (EAD) and Ms. Xiaohong Yang, Country Director Asian Development Bank. The subprogram-2 of the Public Sector Enterprises Reform Program will help the government to achieve and sustain reform initiatives aimed at enhancing the performance of public sector enterprises by improving the…