Browsing Tag

economy

Hammad acknowledges ADB’s support for Pakistan

ISLAMABAD: Asian Development Bank (ADB) Country Director Xiaohong Yang called on Mr. Muhammad Hammad Azhar, Federal Minister for Economic Affairs. Ms. Yang congratulated Mr. Azhar on his appointment as Federal Minister. Minister for…

Emirates NBD Bank CEO calls on Abdul Hafiz Shaikh

ISLAMABAD: A five member delegation from Emirates NBD Bank called on the Adviser to Prime Minister on Finance, Dr. Abdul Hafiz Sheikh, here this morning. The delegation was led by Mr. Fahad Al Qasim, CEO Emirates NBD Capital Limited.…

Sheikh reviews Naya Pakistan Economic Zone project

Adviser to Prime Minister on Finance, Dr. Abdul Hafiz Sheikh chaired a meeting to analyze the different financial models for “Naya Pakistan Economic Zone alongside Islamabad Expressway”. Chairman Naya Pakistan Housing Association, Lt.…

Pakistan rejects western media report on CPEC

ISLAMABAD: Pakistan's Ministry of Planning clarified a news article carried by some sections of International media titled “IMF Won't Stop China From Turning Pakistan Into The Next Sri Lanka”, published on 04th July 2019. "The article is…

IMF approves $6 billion loan for Pakistan

WASHINGTON: The International Monetary Fund on Wednesday approved a $6 billion, three-year loan for Pakistan to try to right the South Asian nation's economy. With the IMF board's approval, the fund released $1 billion to Pakistan…

Pakistan rupee slides to Rs156.50 against US dollar

The Pakistani rupee fell to a new record law against the US dollar in the inter-bank market on Monday morning. The rupee was depreciated by 4.9 percent against the US dollar last week as the greenback gained Rs7.25 and touched another…