Tag: Loan

Sri Lanka seeks $1bn loan from China amid debt woes

COLOMBO: Sri Lanka is negotiating a $1 billion loan from China to construct a highway linking the capital Colombo to the hilly resort city of...

PTI govt takes Rs19.5bn French loan to complete Peshawar metro project

ISLAMABAD: The French embassy in Islamabad on Tuesday announced that it was extending a Rs19.5 billion (Euro 130 million) loan to the Pakistan Tehreek-e-Insaf...

China to lend $2 billion for bolstering Pakistan’s foreign exchange reserves:...

--The $2 billion loan being pledged by China is to avoid further devaluation of the rupee against the greenback In a largely expected development, China...

Pakistan to share Chinese debt details with IMF

--Finance Minister Asad Umar says Pakistan will contemplate all other options if bailout terms are unacceptable  --Admits former FM Ishaq Dar had no option but...

Govt expected to take $9.69bn loan in FY2018-19

It is likely that the government might take a loan of $9.69 billion during the fiscal year 2018-19. According to the Economic Affairs Division (EAD),...

IHC directs police to book kiln owner in forced labour case

ISLAMABAD: The Islamabad High Court (IHC) directed police to recover the bonded family from the brick kiln owner Sabir Warraich and register a FIR against...

ADB approves $600m loan ‘to facilitate structural reforms’

  The Asian Development Bank (ADB) on Tuesday approved a $600 million loan programme – with a first subprogramme of $300 million – to help...

PIA urges EXIM Bank to inject loan

The Pakistan International Airlines (PIA) has formally asked the Export-Import (EXIM) Bank of the United States to extend the airline’s loan limit. A formal request...

Trouble ahead as $50bn loans mature this year

Pakistan has a medium risk of default over five years 77 per cent of the country’s $124 billion budget for the year is earmarked for...

IMF approves $497m loan for Pakistan after bailout review

The International Monetary Fund said on Thursday it had agreed to release a $497 million tranche for Pakistan after the latest review of a bailout package awarded...

Pakistan shelves plan to privatise power firms, angering IMF: Sources

Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad...

Transfer deadline day: Seydou Doumbia joins Newcastle on loan

Newcastle have signed Roma and Ivory Coast forward Seydou Doumbia on loan, subject to international clearance. The 28-year-old moves to St James' Park until the...

ADB to provide $1.2 to $1.5 billion dollars in 2016 for...

  Asian Development Bank (ADB) Country Director Werner Leipach and Pakistan's Executive Director in the ADB Sami Saeed separately called on Finance Minister Senator Mohammad...

Govt obtained $9.750 billion in foreign loans in two and a...

  Parliamentary Secretary for Finance Rana Fazal told the National Assembly (NA) on Friday that the government had obtained foreign loans amounting to $9.750 billion...

Govt’s borrowing frenzy continues

  With Pakistan sinking deep into the debt trap, the federal government is all-set to get new foreign loans amounting to $44 billion for various...

ADB approves $1.4b loan assistance for Pakistan

  The Asian Development Bank (ADB) has approved combined loan assistance of nearly $1.4 billion for two programs that will help Pakistan resolve some of...

Woman tries selling college diploma on eBay to pay off $50,000...

In order to pay off a $50,000 student loan, a 2011 graduate of Florida State University’s School of Theater is set to sell her...