Tue, 21-Oct-2025

First oil tanker under Saudi facility to arrive this month

oil tanker

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

Gilgit-Baltistan chief minister seeks funds for socioeconomic uplift

ISLAMABAD: Gilgit-Baltistan Chief Minister Advocate Khalid Khursheed Khan called on Federal Minister for Economic Affairs Omar Ayub Khan at the Ministry of Economic Affairs and sought funds for the socioeconomic development of the area. The two leaders also discussed priority areas and ongoing development initiatives in Gilgit-Baltistan. The Gilgit-Baltistan chief minister briefed the minister on … Read more

Pakistan’s Foreign Commercial Borrowing Increasing At Rapid Pace

Pakistan's Foreign Commercial Borrowing Increasing At Rapid Pace

Pakistan’s dependence on foreign commercial loans is increasing rapidly as Pakistan received $3.110 billion out of a total of $7.2 billion in external debt in the first eight months of the current financial year (July-February). In addition, with the help of $1 billion deposited by China, the government has made possible the net transfer of … Read more