Wednesday, 27 October 2021

Tag Archives: loan

France to give Rs19.5b loan for Peshawar’s BRT project

PESHAWAR: France will provide a loan of Rs19.5 billion to Pakistan for the development of the Peshawar Bus Rapid Transit project. The loan of 130 million euros (equivalent to Rs19.5 billion) will be provided through the French Agency for Development (AFD). The multi-billion rupee project is aimed at providing safe ...

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‘Get a loan,’ Commerce chief tells unpaid federal workers

WASHINGTON: U.S. Commerce Secretary Wilbur Ross urged furloughed federal workers facing a second missed paycheck to seek loans to pay their bills while adding that he could not understand why they were having trouble getting by. In a CNBC interview, Ross, who made a fortune buying distressed companies, said it ...

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France offers $1.15bn loan to Iraq for reconstruction

PARIS: French Foreign Minister Jean-Yves Le Drian said that his government granted one billion euros (1.15 billion U.S. dollars) loan to Iraq to support reconstruction and stability efforts in the areas destroyed by the war against the extremist Islamic State (IS) militants. “France has decided to allocate a loan of ...

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Pakistan to get $3 billion bailout package from UAE

DUBAI/ISLAMABAD: The United Arab Emirates has announced its intention to deposit US$3 billion in the State Bank of Pakistan to support the financial and monetary policy of the Islamic Republic of Pakistan, the Emirates News Agency reported on Friday. In a statement, the Abu Dhabi Fund for Development said it ...

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IMF officials in Argentina for crisis loan talks

Pedestrians walk past the International Monetary Fund headquarters' complex in Washington Sunday, May 2, 2010. A senior International Monetary Fund official says the IMF's executive board is meeting in Washington to consider how much aid to grant Athens under a massive rescue loan package.

WASHINGTON: Officials from the International Monetary Fund are in Argentina as part of talks to strengthen and accelerate a crisis loan package, the global lender said Wednesday. The IMF and Buenos Aires agreed in June on a three-year, $50 billion rescue lending program but Argentina has since asked for a ...

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China agrees to give $2 billion loan to Pakistan

FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico, January 15, 2018. REUTERS/Jose Luis Gonzalez/File Photo

REUTERS/Jose Luis Gonzalez/File Photo BEIJING:In a major development, China has agreed to immediately give a $2 billion loan to Pakistan, a move meant to arrest the sliding official foreign currency reserves and provide much-needed breathing space to the new government. The $2 billion loan will be categorised as an “official ...

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