The International Monetary Fund (IMF) has revised Pakistan's foreign loan requirement to USD 25 billion for this fiscal year, reducing it by USD 3.4 billion, The Express Tribune newspaper reported, adding that it also lowered Pakistan's economic growth projection to just 2 per cent.
According to S&P Global Ratings, these actions include a substantial increase in risk weights on unsecured personal loans, credit cards, and loans to nonbank finance companies (NBFCs), aiming to curb riskier lending practices and bolster overall financial stability.
Through this project, ADB will help upgrade tourist destinations, such as the Chaturdash Devata Temple, Kasaba Kalibari, and Neermahal Palace, by improving the amenities, rooms, and landscaping, and making them more visitor- and gender-friendly destinations.
Expressing commitment to supporting Tripura's governmental priorities, ADB Principal Urban Development Specialist Tomoo Ueda stated, "ADB is committed to support the Tripura government's priorities of improving urban services and tourism infrastructure to help boost economic development".
The central government has signed a USD 400 million policy-based loan with the Asian Development Bank (ADB) to support its urban reform agenda for creating high-quality urban infrastructure, improving service delivery, and promoting efficient governance systems.
Former Jammu and Kashmir chief minister, Mehbooba Mufti, on Sunday urged Lieutenant Governor Manoj Sinha to provide soft loans to houseboat owners after visiting several houseboats ravaged by a massive fire that broke out a day earlier on Dal Lake in Srinagar.
The Pakistani government is actively engaged in discussions with the Industrial and Commercial Bank of China (ICBC) and the Bank of China, seeking a combined loan of USD 600 million.
China is revamping the Belt and Road Initiative that pumped billions of dollars in grants and loans into developing countries over the last ten years. This comes as the country attempts to rein in the risks that plagued its earlier investments, according to a new report released on Monday, T
Pune (Maharashtra) [India], November 8: Bajaj Finance transforms the way customers approach balance transfer for car loans with simple eligibility criteria and a hassle-free online application. Customers can get a high-value loan of up to Rs. 47 lakh.
Pune (Maharashtra) [India], November 8: Bajaj Finance, one of India's leading financial services companies, is offering special festive interest rates for home loan seekers till November 12, 2023. With an interest rate starting from 8.45%* p.a., you can choose a repayment tenure of up to 40
New York [US]/ Bangalore (Karnataka) [India], November 8: Scienaptic AI, a leading global provider of an AI-powered credit decisioning platform, announced today that IIFL Samasta will be using Scienaptic's AI-enabled Underwriting platform to enhance their Cross-sell program to their existing