Pakistan is ramping up efforts to attract foreign investment in its road infrastructure sector, with Federal Minister for Communications Abdul Aleem Khan holding crucial meetings in Tianjin, China, with top officials from China Road and Bridge Corporation (CRBC) and the Asian Infrastructure Investment Bank (AIIB). During talks with CRBC Chairman Du Fei, the minister presented […]
Asian Infrastructure Investment Bank (AIIB).
$240 million boost for Karachi’s water, sanitation services
The Asian Infrastructure Investment Bank (AIIB) has sanctioned $240 million in funding for the second phase of the Karachi Water and Sewerage Services Improvement Project (KWSSIP). This funding aims to address critical issues in Karachi’s water and sanitation infrastructure, significantly improving the city’s water availability and sanitation services by 2030. The project builds on the […]
Govt to borrow $16b to settle debts in FY22
ISLAMABAD: The government is planning to acquire $16 billion in the next fiscal year to counter the maturing external public debt, its recurring interest payments and finance the expected budget deficit. The figure would be the highest ever borrowed by Pakistan in a single year, underscoring its woes at the hands of recurring debt payments. […]