IMF approves Pakistan's $8.2bn financing gap plan
ISLAMABAD: International Monetary Fund (IMF) accepted $ 8.2 billion financing gap plan presented by Ministry of Finance, citing sources. "Pakistan's external financing target has now been set between Finance Ministry and IMF thus setting aside threat...
Pakistan eyes GCC's $40bn investment in agri sector in five years
ISLAMABAD: Prime Minister Shehbaz Sharif said government aimed to fetch investment of billions of dollars from Gulf Cooperation Council (GCC) countries into country's food and agriculture sector In tweet, he said, GCC countries imported food items an...
KSA deposits 2 billion dollars in SBP: Ishaq Dar
Islamabad: Pakistan's central bank has received $ 2 billion from Saudi Arabia, announced Minister Ishaq Dar, development that gives massive boost to country's low level of foreign exchange reserves. "Our brother nation Saudi Arabia has deposited $ 2...
Digital economy vital for sustainable development: Ahsan Iqbal
BEIJING: Minister for Planning Development and Special Initiatives Ahsan Iqbal shed light on importance of growing digital economy, termed digital economy is vital to ensure sustainable development of country. He is on four-day visit to China. Speaki...
Fitch upgrades Pakistan to 'CCC' after IMF deal
Karachi: Fitch Ratings upgraded Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC' from 'CCC-' as country managed to clinch a 'last-minute' staff-level agreement with International Monetary Fund (IMF). "Upgrade reflects Pakist...
Pakistan has vast investment opportunities in various sectors including IT: Amin
ISLAMABAD: Minister for Information Technology and Telecommunication Syed Amin-ul-Haque emphasised abundant investment opportunities available in country across multiple sectors, particularly in Information Technology (IT). In statement, he said that...
Pakistan, India have largest number of employees in public sector: WB
ISLAMABAD: Worldwide Bureaucracy Indicators (WWBI) has estimated that in South Asian region, both Pakistan and India have largest public sectors with share of 60 percent of formal wage employment. WWBI is unique cross-national dataset on public secto...
ITFC signs deal to fund $1.4bn of Bangladesh oil imports
JEDDAH: International Islamic Trade Finance Corporation (ITFC), which is based in Jeddah signed $ 1.4 billion financing plan with Bangladesh to fund country's oil imports, Saudi state news agency (SPA) said. "This financing plan will enable Banglades...
CPEC’s projects attract $25.4 billion of direct investment
The projects under China-Pakistan Economic Corridor (CPEC) a flagship project of the Belt and Road Initiative (BRI) are flourishing all across Pakistan and have attracted US$25.4 billion of direct investment from China during the last 10 years. &ldqu...
Ahsan Iqbal inaugurates 200kv solar PV system
ISLAMABAD: Minister for Planning Development and Special Initiatives Ahsan Iqbal inaugurated installation of 200kv solar PV system at Ministry to promote environment-friendly electricity. Ceremony was held at Ministry’s auditorium which was att...
