The Asian Development Bank (ADB) and the World Bank has given by $1 billion to Pakistan on Wednesday (Jun 24). According to the details, Pakistan has received $500 million each from the Asian Development Bank (ADB) and the World Bank after which $1 billion has been increased in the foreign exchange reserves of the country. … Read more
Pakistan has received huge relief in timely repayment of external loans, including the IMF, G20 countries, Saudi Arabia and China. According to the details, after the Paris Club, Saudi Arabia and China have also been assured to defer repayment of Pakistan’s loans from May 1 to December 31. Following the announcement of the relief, Pakistan … Read more
The Asian Development Bank (ADB) will give another $305 million on Tuesday to Pakistan in loans to fight against coronavirus pandemic. According to the details, the government has approved concept clearance paper for seeking a loan from ADB for emergency struggling against COVID-19 pandemic on Wednesday (May 6). The meeting of the committee was held … Read more
The Asian Development Bank (ADB) today approved a $200 million loan to support the Philippine government’s effort to provide emergency cash subsidies to vulnerable households amid the novel coronavirus disease (COVID-19) pandemic. “This global pandemic, of a kind not seen in the last century, has disrupted the livelihoods of millions of Filipinos and could set … Read more
The SECP has allowed deferment of repayment of principal and rescheduling of loans, based on borrowers’ requests o facilitate borrowers of non-bank lending companies (NBFCs). To further facilitate small borrowers and micro-enterprise, the regulators has advised the non-bank microfinance companies (NBMFCs) to accept such requests made through SMS, emails and phone calls. The SECP has … Read more
The World Bank warned of the risk of a fresh global debt crisis after highlighting the issue of biggest build-up in borrowing in the past 50 years. British newpaper Guardian reported that In its half-yearly Global Economic Prospects (GEP), said of the four waves of debt accumulation since the 1970s. The latest the largest, fastest … Read more
