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Pakistan slashes development funds

Source: SAMAA

Islamabad : Pakistan | 4 months ago

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Staff Report ISLAMABAD: The government has announced a cut in development funds for the new fiscal year. The government cuts about Rs 76 billion from development funds. Sources at the finance ministry told SAMAA that the government has decided to reduce the development funds by Rs 76 billion, bringing...

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Philippines gets $225-M loan from ADB

By: edlopez

The Asian Development Bank (ADB) has approved a $225 million loan to support the Philippine government's ongoing efforts to transfer responsibility for the delivery of basic services from the central government to the local government units (LGUs). Under the Subprogram 2 of the Local Government Financing and Budget Reform program, the ...

8 days ago
ADB Supports Nepal's Drive to Bring Unregistered Citizens in from the ...

By: chnarendra

A Government drive to increase the number of poor Nepalese with legal identity documents, which are required to gain access to essential benefits and services, is to receive support from the Asian Development Bank (ADB). A $2 million grant from the ADB-administered Japan Fund for Poverty Reduction (JFPR) will fund awareness raising programs and ...

about 1 month ago
IMF sees Pak economy improving

By: GMBAIG

An International Monetary Fund (IMF) staff mission, led by Adnan Mazarei, met with the Pakistani authorities in Dubai over the past week to initiate discussions on the third review under Pakistan's Stand-By Arrangement (SBA). At the conclusion of its work today, the mission issued the following statement: "The IMF mission held constructive ...

26 days ago
IMF sees Pak economy improving

By: intellectual

DUBAI: An International Monetary Fund (IMF) staff mission, led by Adnan Mazarei, met with the Pakistani authorities in Dubai over the past week to initiate discussions on the third review under Pakistan's Stand-By Arrangement (SBA). At the conclusion of its work today, the mission issued the following statement: "The IMF mission held ...

25 days ago
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News Stories

Latvia to cut govt staff drastically

News Source: The Boston Globe | 4 months ago

Latvia— Latvia's government on Tuesday approved a proposal to reduce the size of administrative staff by a third and cut the number of state agencies in half as the country grapples with its worst recession on record. The center-right government...
ADB, UK give $45m funding to Punjab

News Source: Dawn | 4 months ago

The Asian Development Bank (ADB) and Britain are providing $45 million in fresh funding to support improvements in social services in the Pubjab province, the bank said on Tuesday. The funding, the third tranche of a programme launched in 2005, will...
IMF aid news ignites major stock rally

News Source: Gulfnews.com | 4 months ago

The Karachi Stock Exchange 100 Index rose 181.99, or 2.4 per cent, to 7,684.65, its highest since April 21. Oil & Gas Development Co, the country's biggest explorer, climbed 2.9 per cent to Rs87.45. MCB Bank Ltd, the largest lender by market value,...
Grenada doesn't want any new IMF help

News Source: Caribbean360 | 4 months ago

S, Grenada, July 13, 2009 - The Grenada government has denied local and regional media reports that it is going to the International Monetary Fund (IMF) for any additional financial assistance to pull through the economic crisis...It had been...