To approve the IMF program, the government sought a loan of one billion dollars from a private bank. The government made a formal request to restore trade credit to fill the external financing gap for IMF loan approval. Pakistan requested Standard Chartered Bank to restructure commercial loans ranging from $80 million to $1 billion. On […]
ISLAMABAD: Cabinet members have expressed reservations regarding the acquisition of foreign currency debt from China for the implementation of Phase 1 of the Main Line-1 (ML-1) project. Sources told The Express Tribune that the Ministry of Railways had presented a proposal to the cabinet concerning the Financing Commitment Agreement between the National Railway Administration of […]
The Federal Cabinet has approved the amendment in the Rules of Business 1973 regarding the closure of Pakistan Public Works Department (PWD). The Federal Cabinet meeting was held under the chairmanship of Prime Minister Shehbaz Sharif, in which the 2-point agenda was considered. During the meeting, the Federal Cabinet approved the amendment regarding the closure […]
Listen to article The federal cabinet, under the leadership of Prime Minister Shehbaz Sharif, has approved the immediate closure of the Pakistan Public Works Department (PWD) and the implementation of the first phase of the ML-1 railway project. During today’s cabinet meeting, a two-point agenda was discussed and approved. The first point on the agenda involved amending […]
KARACHI: Despite exhibiting significant volatility, the Pakistan Stock Exchange (PSX) on Thursday notched up notable gains, powered by positive triggers such as falling bond yields and optimism about bridging the external financing gap. Those factors, coupled with impending approval of the $7 billion Extended Fund Facility (EFF) by the International Monetary Fund (IMF) executive board, […]
Finance Minister Muhammad Aurangzeb announced new policy measures on Thursday aimed at enhancing Pakistan’s investment environment and attracting foreign investors, according to Radio Pakistan. The finance minister chaired a review meeting in Islamabad with representatives from joint venture investment firms, including Pak-Brunei Investment Company Limited and Saudi-Pak Industrial and Agricultural Investment Company. The discussion focused […]
LAHORE: A delegation of Proparco, a subsidiary of the French Development Agency, visited the All Pakistan Textile Mills Association (Aptma) office on Wednesday to explore financing opportunities in the textile sector to promote sustainable economic, social and environmental development in the industry. Led by Regional Director Diane Jegam, the delegation included Proparco Project Director Conselance […]
Pakistan eyes $4bn from ME banks to plug financing gap – Daily Times We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy
KARACHI: Several banks are offering new financing to businesses at rates below the Karachi Inter-Bank Offered Rate (KIBOR), as the benchmark six-month KIBORrepresenting the interest rate at which banks lend to each otherdropped by 63 basis points, reaching a 19-month low of 17.94% on Thursday. Speaking to The Express Tribune, Saad Hanif, Head of Research […]
KARACHI: The Pakistan Stock Exchange (PSX) has evolved into a dynamic financial market, emerging as a top platform for the government and private sector to secure financing for their projects. This was highlighted by PSX’s outgoing Managing Director and CEO, Farrukh H Khan, during a press conference on Tuesday to launch the ‘One-Share Marketable Lot […]