The Ministry of Energy (Power Division) signed on Monday a Transaction Advisory Services Agreement (TASA) with the International Finance Corporation (IFC), a member of the World Bank Group. As per a statement, the IFC will act as transaction advisor and conduct a comprehensive techno-commercial assessment “for a service-provider model or public-private partnership framework to support […]
IFC
Fatima Fertilizer, IFC announce $60 million liquidity facility to support food security
Fatima Fertilizer Company Limited and IFC, a member of the World Bank Group, announced a renewable liquidity facility of US$60 million per year to help maintain uninterrupted domestic fertilizer production by enabling Fatima Fertilizer to import essential raw materials, machinery, and technical services. Pakistan has faced shortages of foreign exchange and delays in clearing imports, […]
Aurangzeb highlights Pakistan’s growth plan at IMF-World bank meetings
Finance Minister Muhammad Aurangzeb held several high-level meetings in Washington during the 2025 Spring Meetings of the IMF and World Bank. He met leaders from global institutions, including the IMF, World Bank, IFC, and US Treasury. The talks focused on Pakistan’s economic reforms, private sector growth, and climate resilience. In his meeting with IMF Managing […]
Sindh government and IFC join forces to improve Karachi’s infrastructure
The Sindh Government reaffirmed its commitment to tackle Karachi’s pressing issues at a meeting with an International Finance Corporation (IFC) delegation. On Thursday, officials discussed urban mobility, water, and sanitation challenges in the city. Karachi, with a population of 20 million, struggles with inadequate infrastructure. Last year, experts declared it “unliveable” due to pollution and […]
‘Brockmire’ Season 3 — a powerful story on a baseball play-by-play announcer
Season One chronicled the return of the titular honey-voiced play-by-play man from decades of debauched international exile following an on-air meltdown about his wife’s adultery. Starting over at rock bottom for a barely-viable indie league team, Brockmire rediscovered his love of baseball while making a new friend in Tyrel Jackson Williams’ anxious Charles and a […]
Investor concerns take PSX index down 3% WoW
The KSE-100 index bled through most of the week, closing 2.9 percent week-on-week (WoW) lower at 37,522 levels. Market participation also dipped during the week with 7.5 percent WoW decline in average daily traded volume (119 million shares) and 20.4 percent WoW decline in average daily traded value (US$ 25 million). Almost all sectors contributed […]