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ISLAMABAD ( JAVED MAHMOOD ) On March 27, 1952, Pakistan signed the first-ever loan of US$27.2 million with the International Bank for Reconstruction and Development (IBRD). The loan was obtained for rehabilitation and development of Pakistan Railways. Similarly, on Feb 2, 1951, Pakistan signed the first-ever grant assistant agreement withRead More →

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ISLAMABAD ( WEB DESK ) Pakistan may return $2 billion Saudi Arabian loan and is looking for various options to secure more lending aimed at retaining gross official foreign exchange reserves at their current level of over $12 billion, Ministry of Finance sources told The Express Tribune. The second trancheRead More →