No Result
View All Result
Monday, July 28, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    File Photo

    Alizeh Shah claims she is receiving death threats from fellow actress

    (Image: cinebuster.in)

    Who is Ruchi Gujjar and what did she do?

    Chal Mera Putt 4

    Trailer released for Chal Mera Putt 4 featuring Pakistani stars

    Gen V

    Gen V returns: What shocking truths are unveiled in the season 2 trailer?

    Image: Dunya News

    Does Dua Zahra love Babar Azam? The actress shares what’s in her heart

    image: Screengrab

    What is controversial about Benazir Bhutto in Indian film Dhurandhar that angers Pakistanis?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    File Photo

    Alizeh Shah claims she is receiving death threats from fellow actress

    (Image: cinebuster.in)

    Who is Ruchi Gujjar and what did she do?

    Chal Mera Putt 4

    Trailer released for Chal Mera Putt 4 featuring Pakistani stars

    Gen V

    Gen V returns: What shocking truths are unveiled in the season 2 trailer?

    Image: Dunya News

    Does Dua Zahra love Babar Azam? The actress shares what’s in her heart

    image: Screengrab

    What is controversial about Benazir Bhutto in Indian film Dhurandhar that angers Pakistanis?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home World

India extends $250 million loan to coronavirus-hit Maldives

MM News Staff by MM News Staff
September 20, 2020

MALDIVES (AFP): India today (Sunday) has extended a $250 million loan to the Maldives in order to boost its coronavirus-hit economy, in a further attempt to counter China’s growing financial footprint.

According to details, the Indian Ocean archipelago has been badly hit by the ongoing coronavirus pandemic, with foreign tourists failing to flock back in large numbers.

A handover ceremony was held at the Ministry of Foreign Affairs, Government of Maldives, to mark the occasion in the presence of Foreign Minister Abdulla Shahid, Finance Minister Ibrahim Ameer, High Commissioner Sunjay Sudhir and CEO, SBI, Male Bharat Mishra,

In a statement, India’s High Commission in the Maldives said, “The loan is being provided after a request by Maldives President Ibrahim Mohamed Solih for financial assistance to overcome the difficult economic situation.”

“The Maldives is at liberty to use the money in repairing the domestic economic situation in line with its own priorities,” India’s High Commission said.

The statement further informed that a sale of treasury bonds issued by the Maldives government to State Bank of India (SBI) will raise the money, with ten years given for repayment.

The financial assistance follows a $500 million pledge by New Delhi in August to help build bridges and causeways in the nation of 1,192 islands located on major East-West shipping lanes.

The Maldives, under former president Abdulla Yameen’s administration, borrowed some $1.4 billion from Beijing for expensive infrastructure projects. The bond takes New Delhi’s total pledged financial assistance to the Maldives to over $2 billion since Solih came to power.

ShareTweetSendShare
Previous Post

Land illegally occupied in Islamabad’s housing society

Next Post

Economies of GCC countries

Related Stories

Cobra is one of the most venomous snakes in the world.
World

Toddler kills cobra with teeth in India’s Bihar

July 27, 2025
The ship’s interception comes as Israel faces mounting international criticism over the worsening humanitarian situation in Gaza
(Image: aa.com.tr)
World

Israel seizes Gaza-bound aid ship ‘Handala’

July 27, 2025
Shweta Singh
Top News

What shocking revelations did Shweta Singh’s suicide note contain?

July 27, 2025
Gaza Heartbreaking
Top News

Devastating hunger: US senator calls Gaza crisis heartbreaking, urges more aid

July 27, 2025
Online
Top News

Italian aid Ship ‘Handala’ nears Gaza waters

July 26, 2025
Online
World

UK faces mounting pressure to recognize Palestinian State following France’s bold move

July 26, 2025
Image: The News
World

8 killed as terrorists attack Iran’s judicial complex in Zahedan

July 26, 2025
Image: Business Stardard
World

Saudi Arabia allows foreigners to buy property in the kingdom

July 26, 2025
File photo
World

Qatar visa center warns public against fraud

July 25, 2025
Hamas. File photo
World

Trump claims Hamas not serious about ceasefire

July 25, 2025
Next Post

Economies of GCC countries

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

OpenAI CEO Sam Altman (File Photo)
Technology

Don’t share your deepest secrets with ChatGPT, warns Sam Altman

by MM News Staff
July 27, 2025
File Photo
Daily Buzz

Alizeh Shah claims she is receiving death threats from fellow actress

by MM News Staff
July 27, 2025
(Representational Image)
Crime

Two fake doctors arrested after performing surgery on woman in Bahawalnagar

by MM News Staff
July 27, 2025
(Image: cinebuster.in)
Film & TV

Who is Ruchi Gujjar and what did she do?

by MM News Staff
July 27, 2025
National

Karachi residents pay the highest price for flour in Pakistan

by MM News Staff
July 27, 2025

Opinion

nadeem moulvi
From Sects to Sunnah
July 15, 2025
- Nadeem Moulvi
Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

Rescue personnel evacuate villagers by boat from a flooded village following heavy rains in the Taunsa district of Punjab on July 16, 2025. — AFP
National

Thousands displaced, crops destroyed as floods wreak havoc in Punjab

by MM News Staff
July 27, 2025

Floods have caused widespread devastation across several cities in Punjab, damaging crops and leaving...

File photo

KP issues travel advisory amid monsoon showers

July 26, 2025
Image: file photo

Weather updates for Islamabad, other parts of country

July 26, 2025
File Photo

Another monsoon spell to begin in Pakistan from July 28

July 25, 2025
See all

Prices

National

Karachi residents pay the highest price for flour in Pakistan

by MM News Staff
July 27, 2025

Residents of Karachi are compelled to purchase the costliest flour in Pakistan, with a...

representative image

Gold prices in Pakistan today- Sunday 27 July 2026

July 27, 2025
representative image

Gold prices in Pakistan today- Saturday 26 July 2026

July 26, 2025
File Photo

Govt to deregulate electricity prices under new competitive energy market policy

July 25, 2025
See all

Transport News

Chakwal
Crime

Tragic bus crash in Chakwal: 6 dead, 24 injured near Dhok Sial

by MM News Staff
July 27, 2025

A bus fell into a ravine near Dhok Sial on the motorway in Chakwal,...

Charged Parking

Has the Sindh government put an end to parking fee extortion?

July 25, 2025

E-Taxi scheme launch date unveiled in Punjab

July 24, 2025
(File Photo)

Air Arabia Abu Dhabi expands operations in Pakistan with new Faisalabad, Multan flights

July 24, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.