Bank

Asian Development Bank (ADB) showed interest in mutual cooperation with Pakistan Railways (PR) to modernize its infrastructure

Asian Development Bank (ADB) showed interest in mutual cooperation with Pakistan Railways (PR) to modernize its infrastructure

By; Asghar Ali Mubarak, February, 19, 2018 ISLAMABAD: Manila –based Asian Development Bank (ADB) showed interest in mutual cooperation with Pakistan Railways (PR) to modernize its infrastructure, rolling stock and human resource management. This was discussed during meeting of Mr. Werber E .Liepopach, DG Central and West Asia Department, ADB with Mrs. Parveen Agha, Chairperson, […]

Adviser to Prime Minister on Finance, Miftah Ismail had a meeting with Patchamuthu Illangovan, World Bank Country Director

Adviser to Prime Minister on Finance, Miftah Ismail had a meeting with Patchamuthu Illangovan, World Bank Country Director

Adviser to Prime Minister on Finance, Miftah Ismail had a meeting with Patchamuthu Illangovan, World Bank Country Director here Friday. Islamabad: (Asghar Ali Mubarak) The two had exchange of views regarding progress on different ongoing World Bank financed projects besides having discussion on future development programmes. They also had a review of Adviser’s meeting with […]

Agreements worth US$305.0 million signed with World Bank, ECONOMIC AFFAIRS DIVISION

Agreements worth US$305.0 million signed with World Bank, ECONOMIC AFFAIRS DIVISION

By; Asghar Ali Mubarak : February, 2, 2018 Islamabad ; Agreements worth US$305.0 million were signed with the World Bank here on Friday to support projects in agriculture sector in Punjab and to improve the nutrition status of children as well as women in Khyber Pakhtunkhwa. Strengthening Markets for Agriculture and Rural Transformation (SMART) in Punjab Program […]

SME Bank to Get Rs. 6 Billion Injection Upon Successful Privatization

SME Bank to Get Rs. 6 Billion Injection Upon Successful Privatization

By, Asghar Ali Mubarak : January, 31, 2018 Islamabad: The Minister for Privatization Daniyal Aziz has approved the opening of data room for buy-side diligence of SME Bank Limited, as the Privatization Commission (PC) continues to proceed ahead with the privatization of SME Bank Limited, while inviting qualified potential bidders to conduct due diligence of SME […]

Adviser to Prime Minister on Finance, Miftah Ismail along with Minister for Water Resources and Minister of State for Finance had a meeting with visiting World Bank delegation

Adviser to Prime Minister on Finance, Miftah Ismail along with Minister for Water Resources and Minister of State for Finance had a meeting with visiting World Bank delegation

Adviser to Prime Minister on Finance, Miftah Ismail along with Minister for Water Resources and Minister of State for Finance had a meeting with visiting World Bank delegation. Islamabad: (Asghar Ali Mubarak) The delegation led by Ms Annette Dixon Vice President for South Asia Region also included Ms Snezana Stoiijkovic, IFC Regional Vice President (Asia-Pacific) […]

Former Governor State Bank nominated as Pakistan’s candidate for the position of Chairman, IMFC

Former Governor State Bank nominated as Pakistan’s candidate for the position of Chairman, IMFC

Islamabad (Commerce Desk) Former Governor, State Bank of Pakistan, Dr. Ishrat Hussain has been nominated as Pakistan’s candidate for the coveted position of Chairman, International Monetary and Financial Committee (IMFC). On the recommendation of  Dr. Miftah Ismail, Adviser to Prime Minister on Finance, the Prime Minister approved nomination of Dr. Ishrat Hussain who has vast […]

West Bank votes in polls underlining Palestinian split

West Bank votes in polls underlining Palestinian split

Agencies RAMALLAH, PALESTINIAN TERRITORIES:  Palestinians in the occupied West Bank voted Saturday in municipal elections that underscored deep rifts between president Mahmud Abbas’s Fatah party and rival Hamas which runs the Gaza Strip. Their failure to reconcile is seen as a major obstacle to any settlement of the Israeli-Palestinian conflict. The West Bank and Gaza […]

Israel says will build 3,000 new homes in West Bank settlements

Israel says will build 3,000 new homes in West Bank settlements

Israel announced plans on Tuesday for 3,000 more settlement homes in the occupied West Bank, the third such declaration in eleven days since U.S. President Donald Trump took office. Trump has signaled he could be more accommodating toward such projects than his predecessor Barack Obama. A statement from the Israeli Defence Ministry, which administers lands […]

Bank heist in Karachi, Rs. 2 million looted

Bank heist in Karachi, Rs. 2 million looted

KARACHI: A private bank near Punjab Chowrangi in Defence was robbed early Thursday, police said. According to the police, five to six robbers were involved in the heist where more than Rs. 2 million were looted. This is the first bank heist of 2017. Last year, 12 bank robberies and dacoities were reported, of which ten were […]

World Bank pauses dam arbitration to ‘protect Indus Waters Treaty’

World Bank pauses dam arbitration to ‘protect Indus Waters Treaty’

The World Bank (WB) on Monday announced a pause in arbitration between Islamabad and New Delhi on the matter of the two dams being constructed by India, calling on both countries “to consider alternative ways to resolve their disagreements”. In the aftermath of rising cross-border tensions following the Uri army base attack and an alleged […]