The development comes as China is making a comeback in Sri Lanka as Beijing first gave its consent on conditionalities for the International Monetary Fund to lend money to the island nation. Reports have emerged that indicate that China's Sinopec has committed to invest in Sri Lanka's Hamban
According to a report, in 2021-22, the total amount received by the UT under CSS was Rs 7,655 crore which was enhanced to Rs 8,938 crore during 2022-23, registering a growth of nearly 15 per cent.
"We are now only awaiting the confirmation of a USD 1bn commitment from one friendly country. After that, all their requirements to conclude the staff-level agreement will be complete. Following that, it takes two more weeks to take the matter into the board meeting," he assured his people.
The cash-strapped nation is reeling with the repercussions of a deepening political crisis, which initially began in April last year when former prime minister Imran Khan was ousted through a vote of a no-confidence motion, and the derailment of the USD 6.5 billion International Monetary Fun
During the Janata Darshan programme organized at the Gorakhnath temple, the CM said, "Don't worry or panic; the government is prepared to assist any victims or those in need."
Pakistan's Minister for Finance and Revenue Ishaq Dar has cancelled his visit to the United States despite Islamabad making efforts to pursue the International Monetary Fund (IMF) to release a loan tranche, The Express Tribune reported.
Saudi Arabia signed a USD 240 million loan agreement with Pakistan on Friday to support the Mohmand Multipurpose Dam Project, according to a statement issued by the Ministry of Economic Affairs of Pakistan, Dawn reported. Mohmand Multipurpose Dam Project is a major hydropower complex that wi
The Tribunal headed by Justice Adarsh Kumar Goel said, "We refrained from levying Environment Compensation (EC) against Ladakh having regard to the ground situation in the said area and also in view of statement voluntarily made by the Chief Secretary that adequate funds will be made availab
No attempt was made to reduce wasteful government spending or energy usage. No attempt was made to win back external creditors who have dumped Pakistani assets, unnerved by highly irresponsible comments from key policymakers. Promises made to the IMF were broken and wild accusations were hur