Pakistan govt signs Rs1.275 trillion loan to address power sector circular debt
- 25-Sep-2025
ISLAMABAD: In a major step toward resolving the persistent circular debt in Pakistan’s power sector, the federal government on Thursday signed a Rs1.275 trillion financing agreement with a consortium of 18 commercial banks at reduced interest rates. The signing ceremony took place at the Prime Minister’s Office (PMO) in Islamabad, while Prime Minister Shehbaz Sharif […]
Pakistan ‘prepares’ for IMF review talks under EFF program
- 17-Sep-2025
ISLAMABAD: Pakistan is gearing up for its next round of review talks with the International Monetary Fund (IMF), scheduled to begin on September 25, ARY News reported on Wednesday, citing sources in the Finance Ministry. Successful completion of the review will pave the way for the IMF Board’s approval of the $1 billion tranche under […]
Pakistan seeks $1 billion commercial loan from UAE banks
- 20-May-2025
ISLAMABAD: Pakistan has approached three banks in the United Arab Emirates (UAE) for a $1 billion commercial loan to meet a key condition set by the International Monetary Fund (IMF), ARY News reported on Tuesday, citing sources. Minister for Finance Muhammad Aurangzeb chaired virtual meetings with three UAE banks, including Sharjah Islamic Bank, Abu Dhabi […]
Maryam Nawaz makes history with record business loans in Punjab
- 17-May-2025
Chief Minister of Punjab, Maryam Nawaz Sharif, has set a new record by disbursing over Rs. 61 billion in business loans to more than 107,000 individuals in just three months under the Chief Minister’s Easy Business Finance and Card Schemes. According to official figures, the province witnessed the launch of 57,913 new businesses during this […]
China rolls over $2 billion loan to Pakistan
- 08-Mar-2025
ISLAMABAD: China has rolled over a $2 billion loan to Pakistan for another year, the finance ministry confirmed on Saturday. The loan was originally due on March 24, 2025, and now it has been extended for one year. Beijing communicated this decision to Islamabad. The finance ministry stated that the $2 billion loan will help […]
Khyber Pakhtunkhwa govt to launch youth business loan scheme
- 07-Jan-2025
PESHAWAR: Adviser to Chief Minister Khyber Pakhtunkhwa (KP) on Tourism, Culture, Archaeology, and Museums Zahid Chanzeb said that youth residing in tourist regions will have access to loans through the ‘Chief Minister’s Youth Empowerment’ programme. Zahid Chanzeb said that the primary objective of these loans is to facilitate the construction of additional rooms for tourists […]
CM Punjab announces interest-free business loan scheme
- 07-Dec-2024
LAHORE: Chief Minister Punjab Maryam Nawaz Sharif directed the authorities to take measures for the grant of interest-free loans to boost commercial activities and SMEs in the province. “We will increase employment opportunities by promoting trade and industry in Punjab,” she said. CM Maryam directed authorities to introduce ‘Business Card’ and ‘Chief Minister Easy Business […]
ADB to provide $86.2mln to Pakistan for sustainable aviation fuel plant
- 05-Dec-2024
The Asian Development Bank (ADB) has okayed a loan of $8.62 million to Pakistan as part of a developmental financing package, according to an official statement issued on Thursday. According to details, the funds will be used to establish stable aviation fuel reserves in the country. A private aviation fuel storage facility is planned to […]
Pakistan to get $3 bln loan from Islamic Trade Financing Corporation
- 24-Oct-2024
Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released on Thursday. The announcement came following a meeting between Pakistan’s Finance Minister Muhammad Aurangzeb and the delegation of the Islamic Trade Financing Corporation (ITFC) in Washington. As per details, the $3 billion loan amount will be […]
ADB to provide $2bn annually to Pakistan
- 18-Sep-2024
Asian Development Bank (ADB) will provide 2 billion dollars in annual assistance to Pakistan over the next three years. This was stated by President ADB Masatsugu Asakawa during a meeting with President Asif Ali Zardari in Islamabad. The ADB president reaffirmed the bank’s commitment to support infrastructure development and climate-resilient initiatives in Pakistan. Masatsugu Asakawa […]