ISLAMABAD: The Islamic Development Bank (IsDB) on Tuesday approved $603 million in financing for three major projects in Pakistan, including the 306-kilometre Sukkur-Hyderabad Motorway (M-6), a poverty graduation initiative, and an education programme in Azad Jammu and Kashmir. Read More: Azerbaijan, IDB to jointly fund Sukkur-Hyderabad motorway project The agreements were signed by IsDB Vice-President […]
IsDB
IsDB sign charter of Humanitarian Trust Fund for Afghanistan
ISLAMABAD: Organization of Islamic Cooperation (OIC) and Islamic Development Bank (IsDB) on Monday signed the Charter of Humanitarian Trust Fund for Afghanistan to raise donations for the people of the country suffering from a humanitarian crisis. OIC Secretary-General Hissein Brahim Taha and President IsDB Muhammad Sulaiman Al Jasser inked the Charter witnessed by Foreign […]
IsDB Group approves $14.5 bn for projects in Pakistan
ISLAMABAD: As of December 2021, the Islamic Development Bank (IsDB) Group has approved total financing of about US$ 14.5 billion for 412 projects in Pakistan out of which 372 are completed and 40 are active ongoing projects. Out of the total, IsDB financed $ 2.7 billion, while $ 274.9 million have been approved by IsDB […]