ISLAMABAD: Under the Resilient Institutions for Sustainable Economy (RISE) programme, the World Bank (WB) has announced that Pakistan’s budgetary support will be reinstated.
A loan worth $500 million to help improve the fiscal management and harmonise sales tax across the country may also be approved by the WB Board of Directors. The considerations came after Pakistan qualified the budgetary support condition of having ample foreign exchange reserves to cover at least two-and-a-half months of import bill.
The foreign reserves in the State Bank of Pakistan (SBP) increased by $45 million to $8.44 billion, informed the central bank.
Sovereign bonds may also be launched by the government of Pakistan, in accordance with the Ministry of Finance. Presently, the Ministry of Finance has worked to align the policy matrix of the RISE loan package under the condition of the WB. The approval of the loan will be given after scrutinising the performance of the concerned authorities and related projects in the third quarter of this fiscal year.
For news and blogs, visit Graana.com.
Islamabad: National Highway Authority (NHA) Chairman Muhammad Sheheryar Sultan has announced that the authority has…
Lahore: In a landmark development, the Punjab Environment Department has issued its first-ever comprehensive environmental…
Islamabad, Oct 13: The Islamabad district administration has clarified that all roads in the federal…
Islamabad: Capital Development Authority (CDA) and the Overseas Pakistanis Foundation (OPF) have agreed to collaborate on…
Rawalpindi: The Rawalpindi Municipal Corporation (RMC) has finalized a phased plan to complete multiple ongoing…
Islamabad: Federal Minister for Communications Abdul Aleem Khan has unveiled a wide-ranging reform strategy for…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
