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Daily Times Omar Ayub emphasizes on timely completion of foreign-funded projects from across country May 24, 2021 ISLAMABAD: Minister for Economic Affairs Omar Ayub Khan on Monday emphasized for timely completion of foreign-funded projects of different sectors. He chaired meeting of the National Coordination Committee on Foreign-Funded Projects (NCC-FFP) on road communication and finance and revenue sectors at the Ministry of Economic Affairs, said a press release issued by the ministry. The meeting was attended by parliamentary secretary, and senior officials of the Ministry of Communication...

External debt servicing to stay above $10b next fiscal Country will also pay $3.8b to external creditors during last quarter of current fiscal Pakistan’s reliance on foreign loans has almost doubled, as there was a 73% increase in commercial borrowing in the first eight months of FY21 as compared to the same period of last year. PHOTO: FILE ISLAMABAD: The country’s external debt servicing will remain over $10 billion a year for the next two years, as the government weighs its debt-related foreign inflows position to meet the mounting foreign obligations that keeps it dependent on global ...

NCC reviews troubled projects It was informed that 14 foreign-funded projects, including those for power generation, transmission and distribution, amounting to $3.4b with the support of development partners, including ADB, World Bank, Islamic Development Bank, were under implementation. PHOTO: FILE ISLAMABAD: The energy ministry on Thursday recommended scrapping a foreign-funded 660-megawatt unit of coal-fired Jamshoro power plant that remained problematic. The ministry gave its opinion in a meeting of the National Coordination Committee on Foreign-Funded Projects (NCC-FFP) that met to revi...

The federal Minister for Economic Affairs, Makhdum Khusro Bakhtyar, and the federal Minister for Energy, Omar Ayub Khan, co-chaired a meeting of the

  Khanh Hoa, January 7 (VNA) – The Van Phong Economic Zone (EZ) in the central province of Khanh Hoa has so far attracted 153 investment projects, of which 89 have become operational. Of the total projects, there are 30 foreign-funded ones, whose registered capital amounted to approximately 4.1 billion USD. The Van Phong electricity plant project is the biggest among them, with its investment reaching 2.58 billion USD and its construction starting in October last year. The build-operate-transfer project is expected to create 2,000 jobs and account for 4 percent of the total electricity g...