Laborers work on a building construction site in Karachi, Pakistan. Reuters
The Asian Development Bank (ADB) and the Government of Pakistan signed the loan agreement for a $300 million emergency assistance loan intially approved by the bank on May 19.
The tranches were fully subscribed by a syndicate of leading UAE banks, the government statement said.
Pakistan’s rupee dropped to an all-time low of 146.5 to the dollar on Thursday, days after Islamabad announced it had reached an agreement with the International Monetary Fund on a fresh bailout for its troubled economy.
China’s banks extended new yuan loans in August as policymakers ratcheted up support for the slowing economy, and further policy easing is expected in coming weeks as the Sino-US trade dispute takes a bigger toll on the economy.
Mariam Bint Mohammed Almheiri, Minister of Climate Change and the Environment, visited the Netherlands pavilion in the Sustainability District at Expo 2020 Dubai,
The India Pavilion at Expo 2020 Dubai has crossed yet another milestone by recording over 4 lakh footfalls in just 57 days since its inauguration on October 1 by Minister of Commerce & Industry,
Sharjah Publishing City Free Zone (SPC Free Zone), the first-of-its-kind hub for publishing, printing, and allied businesses in the creative industries,