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financing

Pakistan receives $1.1bn financing from ITFC for oil, LNG imports

ISLAMABAD: Pakistan and the International Islamic Trade Finance Corporation (ITFC) signed a $1.1bn trade financing facility for the import of oil and liquefied natural gas (LNG) in the current year. The document was signed by Secretary Economic Affairs Division Noor

SBP announces markup subsidy for affordable housing finance

KARACHI: State Bank of Pakistan had announced the markup subsidy for the construction and purchase of new affordable housing finance. This facility will allow all individuals, who will be constructing or buying a new house for the first time, to

PM to attend virtual event on financing in COVID-19 era

ISLAMABAD: Prime Minister Imran Khan will participate in a virtual high-level event being hosted at the United Nation On Thursday to discuss financial support for emerging economies hit hard by COVID-19. The event ‘Financing for Development in Era of Covid-19

ECC approves plan to raise Rs136 bn financial facility

ISLAMABAD: Economic Coordination Committee of the federal cabinet has approved a proposal of Ministry of Energy to raise finance facilities of Rs136.45 billion and Rs30 billion for adjustment of existing finance facilities of Power Holding Limited. Meeting of the ECC

ADB approves $2.7 bn financing for Pakistan

ISLAMABAD: The Asian Development Bank (ADB) on Wednesday announced to provide $2.7 billion in approved financing to Pakistan during the outgoing calendar year. The Manila-based regional bank also announced that under the recently approved Country Operations Business Plan (COBP) 2020-2022,

Pakistan-FATF meeting to kickoff today

BANGKOK: Pakistan’s economic team is scheduled to hold a meeting today with the Financial Action Task Force’s (FATF) Asia Pacific Group (APG) for a final evaluation of its anti-money laundering. Talks will be held in Bangkok from 8th to 10th