ML-1 'off track' despite slashed cost - Business
Project awaits IMF nod; $400m WB loan for flood relief in jeopardy.
Stay updated with breaking news from Islamic Develop. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Project awaits IMF nod; $400m WB loan for flood relief in jeopardy.
WB, ADB and other lenders commit support worth $8.7bn; S. Arabia, France, US, UK, other countries to give $1.8bn.
The new framework agreement will “provide financing for the import of essential commodities such as crude oil, refined petroleum products, LNG and urea”. — Reuters/File ISLAMABAD: Pakistan and the International Islamic Trade Finance Corporation (ITFC) — a subsidiary of the Islamic Development Bank — on Monday signed a $4.5 billion new framework agreement to finance oil, LNG and fertiliser imports over the next three years (2021-23). The new framework agreement will “provide financing for the import of essential commodities such as crude oil, refined petroleum products, LNG ...