ISLAMABAD: The Asian Development Bank (ADB) on Friday approved a $300 million policy-based loan to support financial, technical, and governance reforms to strengthen Pakistan’s energy sector and improve its financial sustainability. The financing is part of the second sub-programme of the ADB’s Energy Sector Reforms and Financial Sustainability Programme, which aims at improving the governance … Read more
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has suggested a three-pronged strategy for strengthening the economy, a statement said. Referring to heavy fall in the KSE-100 Index, LCCI president Mian Nauman Kabir said that it was temporary and the investors should not worry and expressed the hope that the stock exchange would start … Read more
LAHORE: Ambassador of Azerbaijan to Pakistan Khazar Farhadov has vowed to strengthen trade and economic ties with Pakistan, saying there was a need of collective efforts from the business community of both sides to tap huge trade potential, a statement said. Speaking at the Lahore Chamber of Commerce and Industry (LCCI), he called for improving direct … Read more
KARACHI: The State Bank of Pakistan (SBP) has issued revised “Corporate Governance Regulatory Framework” with the objective to further strengthen the corporate governance regime of banks and the DFIs and to align the same with international standards and best practices. The framework, which has been developed in consultation with the key stakeholders, covers Fit and … Read more
