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China lends $1 billion to Pakistan

3 months, 17 days ago
BEIJING: China has lent Pakistan $1 billion to boost the South Asian country’s plummeting foreign currency reserves, two sources in Pakistan’s finance ministry told Reuters, amid growing speculation of another International Monetary Fund…

CJP Nisar Warns loan defaulters against illegal waivers

3 months, 22 days ago
ISLAMABAD: The Supreme Court advised option to 222 loan defaulters to either pay 75% of the principal amount they had borrowed from the national bank or face banking court trials. At the hearing of a suo motu case related to illegal…

Embattled Air India seeks ‘urgent’ loan

4 months, 11 days ago
MUMBAI: Air India has announced it is seeking an urgent multi-million-dollar loan to maintain day-to-day operations, highlighting the wretched financial predicament of the country's debt-stricken national carrier. In a statement posted…

France to provide Rs67bn to Punjab govt for dam construction

8 months, 29 days ago
LAHORE: France will provide Rs67 billion to the Punjab government through Asian Development Bank for construction of a dam in Lahore.        Managing Director Water and Sanitation Agency Syed Zahid Aziz in a statement said France will…

No program to get loan from IMF in coming days: Miftah

9 months, 13 days ago
ISLAMABAD: Advisor to Prime Minister on Economic Affairs Miftah Ismail on Saturday said the government had no programme to get loan from International Monitory Fund (IMF) in the coming days. In an interview, he said national economy was…