Asian Development Bank (ADB) on Monday signed an agreement with Pakistan to provide a $1.5 billion loan for budgetary support and help flood-related rehabilitation and reconstruction activities. The loan agreement was signed by ADB’s Country Director Yong Ye and Secretary of Economic Affairs Division (EAD) Kazim Niaz. Prime Minister Shehbaz Sharif, Finance Minister Ishaq Dar, EAD Minister Ayaz
Though Pakistan will have to seek another loan from International Monetary Fund (IMF) to help recover from the recent catastrophic floods in the country, a report of Oxfam released on Monday recommends the country to avail the ‘Loss and Damage Finance Facility’ proposed by G77 plus China at the Climate Change Conference of the Parties (COP26). If the Loss and Damage Finance Facility is operatio
Pakistan is now formally off the dirty list of the global money laundering and terror financing watchdog, the Financial Action Task Force (FATF). It was grey listed in June 2018 due to strategic deficiencies in its anti-money laundering and combating financing terror (AML/CFT) regime. In June 2018, Pakistan made a high-level political commitment to work with the Paris-based FATF and its Sydney-
DURING a tour of a local FMCG plant a few years ago, a senior manager mentioned a new pressure the brand was facing. He wasn’t speaking of a rising competitor in the market, changing consumer tastes, environmental concerns or even economy issues. He was referring to WhatsApp team groups: if there was any question or concern, particularly by interns, the senior management was expected to reply in r
AFTER nearly four-and-a-half years of trials and tribulations, Pakistan has finally exited the FATF’s so-called grey list of countries. It is a victory that ought to be celebrated as an example of what it is possible for the country to achieve when the national leadership works together towards a common goal. The exit had long been awaited, with the country hoping for a reprieve after each prog