Pakistan has agreed terms for a One-Billion-Dollar Loan with two Middle Eastern Banks at a Six to Se...
Pakistan has agreed terms for a One-Billion-Dollar Loan with two Middle Eastern Banks at a Six to Seven Percent Interest Rate. Finance Minister Muhammad Aurangzeb in an interview said that Pakistan has now gone forward with two Institutions in signing up the Term Sheet.
The Minister said the Loans were Short-Term or up to one Year. He said Pakistan Aims to Boost its Finances after securing a seven Billion Dollars International monetary fund bailout in September Last Year. Muhammad Aurangzeb said they have the first formal review of the extended fund facility by the end of the Next Month. He added that Pakistan was aiming to discuss with ratings agencies a move towards a single b rating, hoping to see an upgrade in the coming Months. The Government Aims to Boost its finances after securing a $7Bn IMF bailout in September 2024, with the first review set for late FebruarPakistan Television Corporation is the Pakistan state-owned Television broadcaster, founded on 26 November 1964. This National Broadcaster has flourished since then, and today has PTV-Centers in Islamabad, Lahore, Karachi, Peshawar, Quetta, Muzaffarabad, AJK and Multan.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jangoo earns maiden Test call-up for Pakistan tour; Motie backShamar Joseph and Alzarri Joseph will miss the two-Test series against Pakistan.
Read more »
Pakistan name playing XI for first Test against South AfricaThe two-match Test series between Pakistan and South Africa begins tomorrow.
Read more »
ADB Power Distribution Loan: Pakistan And ADB Sign $200 Million Loan AgreementPakistan And Asian Development Bank signed a $200 million loan agreement for power distribution strengthening project. The agreement was signed by Secretary Economic Affairs Dr. Kazim Niaz and ADB deputy country director Asad Aleem in Islamabad.
Read more »
Pakistan middle order tumbles as Pakistan sniff follow-onPakistan faced a dismal start in reply to South Africa's massive 615 runs
Read more »
Dar lauds OIC's principled stance for Kashmir causeThe two sides also discussed the situation in Gaza and Middle East
Read more »
$1bn loan agreed with two Middle Eastern banks: FM AurangzebFinance Minister Muhammad Aurangzeb has said that the government has agreed terms for a $1 billion loan with two Middle Eastern banks at a six to seven per cent interest rate as Pakistan looks for more financing.
Read more »