Economy

Pakistan to get $178 mn ADB assistance on easy installments

Asian Bank

ISLAMABAD: The Asian Development Bank (ADB) will extend financial assistance of 178 million dollars to Pakistan on easy installments for 20 years.   The agreement in this regard was signed between Secretary Finance and Country Director ADB here on Thursday.   Speaking on the occasion, Finance Secretary Salim Sethi said the amount will be spent on the construction of Gojra-Shorkot ...

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Pakistan, S.Korea sign framework worth $500mn

Pakistan-South-Korea-Deal

ISLAMABAD: Pakistan and Republic of Korea signed a framework arrangement amounting to $500 million here on Friday, according to a report published on the Radio Pakistan website. Under the signed framework arrangement South Korea will provide assistance in the completion of various projects related to hydropower, road infrastructure, improvement of power distribution system, information technology and health sector. Muhammad Saleem Sethi, ...

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PIA earns Rs 2.8 billion profit in first quarter this year

PIA

Karachi: The Pakistan International Airlines (PIA) has earned profit of Rs. 2.8 billion in the first quarter of this year and its revenue increased by six per cent as compared to last year. A Spokesman of Civil Aviation Ministry told in a press conference that the turnaround is visible because the PIA has increased its fleet size from twenty-two to ...

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