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Articles for tag: 730M, ADB, deals, infrastructure, Pakistan, Power, sign, SOE, transformation

December 25, 2025

News Desk

Pakistan and ADB sign $730M deals for power infrastructure, SOE transformation

Department of Economic Affairs Secretary Muhammad Humair Karim and Asian Development Bank Director Emma Fan sign agreements between Pakistan and ADB on December 25, 2025. — PID $330 million deal for second power transmission enhancement project. $400 million in funding to accelerate the state enterprise transformation program. ADB’s Emma Fan praises Pakistan’s reform initiatives. Pakistan and the Asian Development Bank (ADB) on Thursday signed financing agreements for two major initiatives totaling $730 million, aimed at strengthening Pakistan’s energy infrastructure and promoting public sector reforms. The agreements cover the Second Electricity Transmission Enhancement Project, with $330 million in funding, and the

December 18, 2025

News Desk

Pakistan and EIB sign €60 million statement for Karachi drainage project

Finance Secretary Muhammad Humair Karim (left) and European Investment Bank (EIB) Asia Pacific Head Edvardas Bumsteinas sign a declaration on the water infrastructure framework project in Karachi. — Facebook/@EUinPakistan The agreement formalizes the financing of the water infrastructure framework. As part of the project, basic sewage treatment facilities will be built. The signing of the declaration underlines the momentum of Pakistan-EU cooperation. Pakistan and the European Investment Bank (EIB) on Wednesday signed a €60 million statement to promote a major project aimed at improving sewage and sewage management in Karachi. The statement was signed on the sidelines of the 15th

December 9, 2025

News Desk

Saudi Arabia are aiming to sign Salah in the winter transfer window

Liverpool’s Mohamed Salah in action during the Liverpool v PSV Eindhoven match at Anfield, Liverpool, Britain on November 26, 2025. — Reuters Mohamed Salah was reported in Liverpool training on Tuesday as doubts grow over the star’s future at the Premier League champions, with the Saudi Arabian clubs eyeing a move for the striker in the winter transfer window. The 33-year-old Egyptian forward was left out of Liverpool’s squad for the Champions League clash at Inter Milan on Tuesday following his extremely public criticism of Reds boss Arne Slot after he was benched for a third game in a row.

December 2, 2025

News Desk

Pakistan and Turkey are set to sign multi-billion dollar deals

They will join hands for offshore hydrocarbon exploration, mineral projects. delegation expected today Islamabad: Turkiye is set to emerge as a key partner for Pakistani companies in the energy sector as the two countries are set to sign multi-billion dollar deals for offshore exploration and mineral projects this week. A high-level Turkish delegation, led by Energy and Natural Resources Minister Alparslan Bayraktar, arrives in Islamabad on Tuesday. Sources said that Pakistani companies and Turkish Petroleum Overseas Company (TPOC) will sign an agreement for Eastern Offshore Block-C. The Economic Coordination Committee recently approved the transfer of management to TPOC to commence

October 31, 2025

News Desk

Rizwan has yet to sign central contract, has ‘certain demands’

Mohammad Rizwan gestures while batting against Canada during the ICC T20 World Cup 2024 on June 11, 2024. — AFP Former Pakistan white-ball captain Mohammad Rizwan is yet to sign a central contract offered by the Pakistan Cricket Board (PCB), making “certain demands”, sources said on Wednesday. The wicketkeeper-batter, who was replaced as ODI captain by Shaheen Afridi, was among the 30 national players who were offered the central contracts by the PCB. He was placed in the B category along with nine other players including Babar Azam, Fakhar Zaman, Haris Rauf and Shaheen Afridi. Specifically, no players were listed

October 20, 2025

News Desk

SBP and IFC sign agreement to boost local currency lending in Pakistan

State Bank of Pakistan (SBP) Governor Jameel Ahmad (right) and International Finance Corporation (IFC) Vice President and Treasurer, Ministry of Finance and Mobilization John Gandolfo sign an agreement. — X/ @StateBank_Pak The SBP-IFC partnership aims to expand financing for the private sector. IFC to manage foreign exchange risks, increase investment in rupees. SBP says the move will help create jobs nationwide. The State Bank of Pakistan (SBP) and the International Finance Corporation (IFC) — a member of the World Bank Group — have signed an agreement to expand local currency financing and support private sector development in Pakistan. The agreement,

October 19, 2025

News Desk

Pakistan, IFC sign swap deal as Aurangzeb pushes for Reko Diq, EXIM talks

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and IFC Managing Director Makhtar Diop exchange greetings as State Bank of Pakistan Governor Jamil Ahmad and an IFC official sign an exchange agreement in Washington, DC on October 18, 2025. — X/@Financegovpk FinMin welcomes IFC’s move, naming Pakistan a regional hub. It vows to deepen cooperation with the IFC in key areas. Aurangzeb informs JP Morgan about sale of Panda Bond, First Women Bank. Finance Minister Senator Muhammad Aurangzeb, on the sixth and final day of his visit to the US, continued his engagements and witnessed the signing of a

September 18, 2025

News Desk

Trump, Starmer Sign Tech Deal to seal the “unbreakable bond”

British Prime Minister Keir Starmer (R) and US President Donald Trump (L) as they announce a technology -based agreement at a business event at Checkers, Aylesbury, Central England on September 18, 2025, on the second day of the second state visit of the US President. – AFP The US president praises America’s “unbreakable bond” with Britain. Leaders emphasize innovation and digital development as key priorities. An agreement was signed during the second day of Trump’s state visit. Donald Trump welcomed America’s “Unbreakable Bond” with Britain on Thursday, as he and Prime Minister Keir Starmer signed a huge technological agreement on

August 27, 2025

News Desk

Dortmund Sign Chukwuemeka from Chelsea

BERLIN: The Borussia Dortmund Summer Premier League Recruitment Drive continued on Tuesday with the signature of midfielder Carney Chukwuemeka from Chelsea to 2030. England UNDER-21, Chukwuemeka spokesman, 21 years old, is joining 25 million euros ($ 29 million). He spent the second half of last season at Dortmund for a loan, remaining as the club made the quarter -finals at the Club World Cup. Chukwuemeka played 17 times for Dortmund in all matches, scoring once and impressed despite the fact that he was fighting with an injury. In a statement, Chukwuemeka said he was “Happy Borussia Dortmund is now my

August 1, 2025

News Desk

Tottenham to sign João Palhinha from Bayern Munich in loan

Tottenham Hotspur is on the verge of completing the signature of Portuguese midfielder João Palhinha, who is going to participate by Bayern Munich for a loan agreement. The 30 -year -old’s movement to North London comes after personal terms was agreed and the deal is expected to enhance Spurs’s options for the next season. Palhinha, who joined Bayern Munich from Fulham in the summer of 2024 with a fee of 51m euros, struggled to secure a regular first -time football football during his German debut. Although it was a key number in Fulham, the midfielder made only 25 appearances in

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