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China rolls over another $600m Pakistan loan: PM Shehbaz Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif said on Tuesday that China has rolled over a $600 million loan to Pakistan, helping shore up the country’s...

IMF approves $3bn loan for Pakistan

The International Monetary Fund (IMF) has approved a $3 billion loan for Pakistan after signing the staff-level agreement last month, ARY News reported. As per...

SBP receives $500mln from Chinese bank

ISLAMABAD: Finance Minister Senator Ishaq Dar on Friday said that the State Bank of Pakistan (SBP) received $500 million from Chinese Bank ICBC, ARY...

China rolls over $700m loan to Pakistan: sources   

ISLAMABAD: China has rolled over their deposit of $700 million with the State Bank of Pakistan (SBP) on the existing terms as Islamabad’s foreign...

UAE rolls over $2bn loan to Pakistan: Ishaq Dar

ISLAMABAD: Finance Minister Ishaq Dar on Wednesday announced that the United Arab Emirates (UAE) has over their deposit of $2 billion with the State...
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Let’s Talk: can IMF loan save calamity-hit Pakistan?

Cataclysmic floods push Pakistan back by decades in terms of development, infrastructure and economic stability. Alhamdolillah the IMF Board has approved the revival of our...

Even friendly countries like Saudi Arabia ask us to consult IMF first: Miftah Ismail

Finance Minister Miftah Ismail has said that donor countries have become very cautious about giving us loans and demand us to consult the International...

Pakistan likely to get additional $2.5 billion loan from ADB

ISLAMABAD: The Asian Development Bank (ADB) has indicated providing $2.5 billion in additional loans to Pakistan for the fiscal year 2022-23, ARY News reported...

IMF says it held ‘fruitful’ technical talks with Sri Lanka on loan request

WASHINGTON: The International Monetary Fund said on Saturday that its staff held "fruitful technical discussions" with Sri Lankan authorities on the crisis-wracked country's request...

Pakistan to get $1.2bn from ITFC

ISLAMABAD: The International Islamic Trade Finance Corporation (ITFC), a subsidiary of the Islamic Development Bank, and Pakistan on Tuesday signed an agreement under which...

IMF okays $1bn loan tranche for Pakistan

The Executive Board of the International Monetary Fund (IMF) on Wednesday approved $1billion loan for Pakistan under the Extended Fund Facility (EFF), ARY News...

Pakistan to borrow $5bn from China, Russia, Kazakhstan: sources

ISLAMABAD: The federal government has decided to seek $5 billion in loans from China, Russia and Kazakhstan as Pakistan make desperate efforts to stabilise...

ADB okays $385m for mega projects in five KP cities

Asian Development Bank (ADB) on Thursday approved $385 million in financing to help improve livability and community health in five cities of Khyber Pakhtunkhwa. According...

Shaukat Tarin shares IMF conditions for release of US$6 bn loan tranche

ISLAMABAD: Adviser to Prime Minister on Revenue and Finance Shaukat Tarin on Tuesday said that a deal with the International Monetary Fund (IMF) for...

Govt borrowed $3.1bn in 3 months, economic affairs division reports

ISLAMABAD: The economic affairs division of Pakistan has Tuesday released the figures on borrowings the government of Pakistan availed itself in the past three...

ADB to provide $600mn for Ehsaas programme

ISLAMABAD: Asian Development Bank (ADB) has announced to provide $600mn to Pakistan for the Ehsaas programme, according to Federal Minister for Economic Affairs Omar...

Etihad Airways raises US$1.2 billion in sustainability-linked ESG loan

ABU DHABI: Etihad Airways has raised US$1.2 billion in the first sustainability-linked loan (SLL) tied to environmental, social and governance (ESG) targets in global...

Man ‘kidnaps’ himself to pay off loan

He had to return INR150,000 loan

Pakistan’s debt stands at Rs38,697 bn in June 2021: SBP

KARACHI: State Bank of Pakistan (SBP) on Monday said that the country's debt has soared to Rs38,697 billion in June 2021 with most of...

Bank staffers secretly replace gold with ‘fake gold’ from lockers in Karachi

KARACHI: A unique financial fraud has been unearthed in Karachi as the staffers secretly replaced gold assets of citizens with 'fake gold' in the...
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