Tag: loan

France provides 100 million euros (11.5 billion PKR) soft loan for the sustainable energy sector reform program

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article image On June 21st, 2017, Mr. Tariq Mahmood PASHA, Secretary of Economic Affairs Division (EAD), Mr. René CONSOLO, Chargé d’Affaire a.i., Embassy of France, and Mr. Jacky AMPROU, Country Director of the French Agency for Development (AFD), signed the €100 million Credit Facility Agreement (CFA) for the Sustainable Energy Sector Reform Program. The Asian Development Bank […]…Read More

$50 million loan sought for IT Park

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article image STAFF REPORT ISB: Pakistan has sought $50 million in loan from Korea Eximbank for the construction of IT Park in the capital city. Government officials, at a recently held meeting have asked a delegation of Korea Eximbank to submit their final report for providing $50 million to expedite the project completion. Minister of State for IT Anusha Rehman Khan requested the Korean team to speed up their efforts and try to submit their final report by next week, "So that we could…Read More

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AFD pledges $16m loan for Aga Khan University expansions

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article image STAFF REPORT KHI: Agence Française de Développement, the French finance institution for development, will provide $16 million loan to the Aga Khan Hospital and Medical College Foundation to support its expansion of infrastructure facilities on the Stadium Road Campus in Karachi. According to an MoU signed between the two sides, this investment will refinance and fund infrastructure projects. Infrastructure financing include the induction of a third 1.75MW gas generator to reduce…Read More