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Entries Tagged ‘finance minister Asad Umar’

Aid from friendly countries sufficient for current year: Asad Umar

Financial aid received from Saudi Arabia, China and the United Arab Emirates (UAE) will be sufficient to cover the fiscal deficit for the current year, said Finance Minister Asad Umar on Wednesday. During a meeting of the standing committee for finance, Umar briefed the attendees and confirmed the country had received $2 billion from Saudi […]

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Pakistan likely to borrow $4bn loan from Islamic Development Bank: report

Pakistan plans to borrow over $4 billion from the Jeddah-based Islamic Development Bank to bolster the country’s low level of foreign currency reserves, the Financial Times reported. The report said that two officials told the paper that the bank has agreed to make a formal offer after Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan forms government […]

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