GUWAHATI: Union finance minister Nirmala Sitharaman unveiled in Union Budget a Rs 500-crore special development package for projects proposed by United Liberation Front of Assam (Ulfa) — the first tranche of a Rs 5,000-crore fund to be disbursed over five years under a 2023 peace accord between Centre, Assam govt and the militant outfit. Ulfa…
The World Bank has approved $700 million in fresh financing for Pakistan as part of a longer-term programme aimed at supporting macroeconomic stability and improving public service delivery.As per Reuters, the funding has been cleared under the Public Resources for Inclusive Development – Multiphase Programmatic Approach (PRID-MPA), a framework through which Pakistan could receive up…
IMF on Monday approved a disbursement of around $1.2 billion to Pakistan, lifting the country’s total inflows under the Extended Fund Facility and the Resilience and Sustainability Facility to roughly $3.3 billion. The IMF Executive Board cleared the payment during its meeting in Washington, citing the country’s efforts in macroeconomic reforms.Pakistan remains heavily reliant on…
India hopes to seal first tranche of US trade deal by year-end India is looking to finalise the opening tranche of the India–US Bilateral Trade Agreement (BTA) before the end of the year, with commerce secretary Rajesh Agarwal saying negotiations have advanced significantly despite recent shifts in global trade conditions. Speaking at FICCI’s Annual General…
India and the US are finally close to locking in on a trade deal, sealing a pact which will address both the reciprocal and oil tariffs . A government official told PTI on Monday that discussions are going on to close on a package which will include issues such as America’s market access to the…
Pakistan has secured a $1.2 billion loan from the International Monetary Fund. IMF on Tuesday said that it has reached a staff-level agreement with the South Asian country under its ongoing loan program, paving the way for Islamabad to access $1.2 billion pending approval from the Fund’s Executive Board.According to the official statement issued by…