ADB
Pak to get USD 4 billion from friendly countries to shore up reserves: Finance Minister Miftah Ismail
Islamabad, Jul 17 (PTI) Pakistan is likely to get USD 4 billion from friendly countries this month to bridge a gap in foreign reserves highlighted by the International Monetary Fund,…
Explainer-Sri Lanka on the edge as debt burden mounts
By Uditha Jayasinghe COLOMBO (Reuters) - Hit hard by the COVID-19 pandemic, Sri Lanka is facing its most serious financial crisis in years, raising doubts about its ability to pay…
ADB approves USD 500m loan to help Pakistan procure COVID-19 vaccines
Manila [Philippines], August 7 (ANI): The Asian Development Bank (ADB) has approved a USD 500 million loan to help Pakistan procure and deploy safe and effective COVID-19 vaccines and strengthen…
Pakistan borrows USD 14.3 billion foreign loans in FY21
Islamabad [Pakistan], July 20 (ANI): Pakistan Ministry of Economic Affairs reported on Monday that the government received USD 14.283 billion foreign loans during the fiscal year 2020-21, compared to USD…
Pacific island nation Nauru rejects Chinese undersea cable network due to security concerns
Honiara, [Solomon Islands], July 5 (ANI): The Pacific island nation of Nauru rejected a low bid of undersea communications network amid security concerns. Solomon Times reported that the US and…
World Bank, ADB delay USD 1 billion loans to Pakistan
Islamabad [Pakistan], June 15 (ANI): In a major setback for Pakistan's dwindling economy, two of its largest lenders - World Bank (WB) and Asian Development Bank (ADB) -- have deferred…
Imran Khan: Between Frying Pan and Fire
Imran Khan: Between Frying Pan and Fire The implosion in the Pakistan Democratic Movement (PDM) is being seen by Imran Khan and his cronies as the fizzling out of the…
