‘If the economic situation does not lead to its collapse, its militant groups will ensure prevention of its survival’ Part I of this essay emphasized on getting the background right,…
Pakistan has for long, been heading towards a situation where it could be perceived as a failed state, or at least a state under immense strain. Everything that goes into…
Islamabad, Jul 14 (PTI) Pakistan is at a “challenging economic juncture”, the IMF has said as it reached a preliminary Staff-Level Agreement on the combined seventh and eighth reviews for…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The World Bank said its executive board on Monday approved a $723 million package of loans and grants for Ukraine, providing desperately…
CAPE TOWN (Reuters) - The World Bank has approved a loan of $750 million to South Africa linked to COVID-19, aiming to help protect the poor and support economic recovery…
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…
Islamabad [Pakistan], July 6 (ANI): A debt-ridden Pakistan has signed an agreement with Saudi Arabia-based Islamic Development Bank (IDB) to borrow USD 4.5 billion to alleviate oil and gas shortages…
Islamabad [Pakistan], June 30 (ANI): Pakistan's external debt is likely to increase in the near future as it is under compulsion to borrow more and more every year to repay…
Washington DC [US], June 30 (ANI): The World Bank on Tuesday approved USD 800 million in financing for two programs in Pakistan--the Pakistan Program for Affordable and Clean Energy and…
Islamabad [Pakistan], June 14 (ANI): A debt-ridden Pakistan has requested its all-weather ally China that it needs another year to pay back a billion dollars Islamabad had borrowed from Beijing…