ISLAMABAD: The World Bank (WB) will provide Pakistan with loans exceeding $2 billion during the ongoing fiscal year to support multiple development initiatives. According to the Economic Affairs Division, the financing will be extended through the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD). At present, Pakistan is implementing 57 … Read more
ISLAMABAD: Minister for Economic Affairs Sardar Ayaz Sadiq said economic cooperation between Pakistan and Netherlands needs to be more deepened for the mutual benefit of the citizens of both countries. During a meeting with the Ambassador of the Kingdom of Netherlands Henny Fokel de Vries, the federal minister highlighted the warm and cordial relations between … Read more
ISLAMABAD: Germany has extended grant assistance worth 7.5 million Euros to Pakistan to help improve the health status of the population. The funds have been given under the ‘Social Health Protection- Phase-III’. This included 1.785 million Euros has been provided for Gilgit-Baltistan and 5.72 million Euros grant for Khyber Pakhtunkhwa. The financial agreement was signed … Read more
Federal Minister for Economic Affairs Omar Ayub Khan witnessed the signing ceremony for the programme. The objective of the programme is to strengthen market stability, enhance market facilitation and supply-based measures, and improve demand-based measures for capital market development. The Minister for Economic Affairs acknowledged the ADB’s continued assistance to the government of Pakistan, further … Read more
ISLAMABAD: The first oil tanker under the Saudi facility is expected to arrive in Pakistan in the third week of March 2022. Ambassador of the Kingdom of Saudi Arabia in Islamabad Nawaf bin Saeed Al-Malkiy and Saudi Development Fund Director General Dr Saud Ayid R Alshammari, called on Federal Minister for Economic Affairs Omar Ayub … Read more
ISLAMABAD: The 7th meeting of the Pakistan-Russia Inter-Government Commission will be held in Yekaterinburg, Russia from November 24 to 26, 2021. Federal Minister for Economic Affairs Omar Ayub Khan and Minister for Energy of the Russian Federation Nikolay Shulginov are the co-chairs of the commission. In this regard, Omar Ayub Khan chaired a high-level meeting … Read more
The Sindh government has signed loan agreements worth a total of $1.98 billion with the World Bank (WB) in Islamabad on Tuesday. On the Instructions of Chief Minister Sindh Syed Murad Ali Shah, Local Government Secretary Roshan Shaikh signed soft loan agreement for the CLICK, KWSSIP projects while Secretary Transport Ghulam Abbas Detho signed the … Read more
Meeting of the Federal Cabinet chaired by Prime Minister Imran Khan is in progress in Islamabad. It discusses overall political and economic situation of the country besides the prevailing situation in occupied Kashmir. Prime Minister Imran Khan has expressed determination that government, leadership and people of Pakistan will fully stand by Kashmiris in their right … Read more
