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ADB to provide Punjab $300mn for infrastructure projects

AFP Photo The Asian Development Bank will provide the Punjab government $300 million to upgrade the infrastructure in four cities of Punjab, Radio Pakistan reported Wednesday. The fund will be used in Sargodha, Muzaffargarh, Rahimyar Khan and Bahawalpur. The Punjab government will also contribute $50 million for the Punjab Cities ...

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Government saves PIA from crash landing with Rs17b bailout package

The government has saved the national airline from crash landing with a Rs17.2 billion bailout package. The decision was approved by the Economic Coordination Committee on Monday. Finance Minister Asad Umar chaired the meeting. Related: It isn’t rocket science: The Supreme Court wants official correspondence to verify pilots’ degrees On ...

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Pakistan to hold policy-level talks with the IMF

Representatives of the Pakistani government and the International Monetary Fund (IMF) will hold policy-level talks from Monday in Islamabad. Harald Finger will lead the IMF delegation for the discussions and from Pakistan, the economic team will be led by Finance Minister Asad Umar. During policy negotiations, the IMF might suggest ...

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Entrepreneurs connect with investors holding billion dollars in funds as 021Disrupt kicks off

Photo: Twitter/021Disrupt Institutional investors with a cumulative one billion dollars fund size have flown to Karachi to attend 021Disrupt 2018 Conference, Pakistan’s largest startup event that connects local entrepreneurs seeking funds, mentorship and networking opportunities with global investors and mentors. Dubbed as the pulse of innovation, 021Disrupt is bigger as ...

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What to expect and why should you care

Photo: AFP A delegation of the International Monetary Fund (IMF) arrived in Islamabad on Wednesday and will stay for two weeks to negotiate the terms of a bailout package that will help the country stabilise its economy. Fixing Pakistan’s troubled economy is the biggest challenge facing the new government. This ...

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