Banks are showing willingness to participate in the recently launched Zarkhez-e (Asaan Digital Zarai Qarza) initiative, the Pakistan Banks Association (PBA) said on Thursday, noting that the scheme has been structured as a commercially viable incentive model for agricultural loan. The statement sought to clarify that lender engagement was based on business logic rather than […]
CREDIT
DRCongo unveils IMF credit worth $1.5 bn
The Democratic Republic of Congo has agreed with the IMF on $1.5 billion in credits in exchange for spending commitments and improved transparency in its mining sector, officials said Friday. The three-year deal will start with a loan of $217 million that will be followed by others if conditions are met, the International Monetary Fund’s […]