Tag: Loan

Pakistan National Shipping Corporation (PNSC) has seemingly lost its interest in getting the $40m loan from Economic Cooperation Organisation (ECO) that they had applied...

More than 137.5 million of the world’s poorest families received a micro loan in 2010, an all-time high, according to a report released by...

Pakistan will not take up the final $3.7 billion tranche of an International Monetary Fund (IMF) loan package after rejecting strict reform demands, the...

The Republic of Korea has offered 180 million dollars to Pakistan for being member of Friends of Democratic Pakistan. "It is an offer in...

The Asian Development Bank (ADB) has approved a loan of $97 million for the 147 megawatt (MW) run-of-the-river Patrind hydropower plant, to be built...

Has international community written off Pakistan’s over 60 billion Dollars debt for its commitment to war on terror? Has Pakistan discovered new oil wells...

The national assembly standing committee on economic affairs and statistics was shocked to learn on Thursday that the utiliation of $105 million out of...

The economic managers may be beating the victory drums over the accumulation of record foreign exchange reserves, but the economic observers think otherwise. According to...

An accountability court on Thursday extended the judicial remand of Sheikh Afzal, the main accused in the NIB Bank loan scam until August 3. The...

National Assembly (NA) standing committee on economic affairs has been told that outstanding dues and foreign loans payable by Pakistan have surpassed 60 billion...

Egypt has withdrawn its loan request to the International Monetary Fund and the World Bank, an adviser to Finance Minister Samir Radwan told AFP...

The State Bank of Pakistan on Friday expressed concern over the serious questions arising over written off loans worth billion of rupees and directed...

A seven-member delegation of the Asian Development Bank (ADB), headed by Raza Farrukh, has expressed satisfaction over the ongoing rehabilitation of the Indus bunds...

An accountability court on Thursday adjourned the hearing of a reference of wilful default of Rs 610.926 million filed against Malik Ghulam Murtaza Khar,...

Pakistan’s talks with the International Monetary Fund over the release of a tranche in an $11 billion loan are going smoothly and have been...

LAHORE - An accountability court on Wednesday handed over Javed Iqbal, partner of M/s Khalid Oil Mill, Vehari to the National Accountability Bureau (NAB) on physical remand until April 13.
The accused has been arrested on charges of bank loan fraud of Rs 4.691 million. Javed, along with Muhammad Shafi, took a loan worth Rs 5.5 million from MCB Bank, Vehari against pledged stock. Both of them misappropriated the pledged stock illegally without paying back the loan.

ISLAMABAD - A two-member Supreme Court bench headed by Chief Justice Iftikhar Muhammad Chaudhry will resume hearing today (Monday) on a suo motu case against Rs 256 billion loans illegally written off between 1971 and 2009.
The bench will examine a report submitted by Punjab Advocate General (AG) Khawaja Haris Ahmad on Saturday, which recommended the Supreme Court to direct National Accountability Bureau (NAB) to recover the illegally waived off loans.
AG Punjab, who was