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Donors offer $5b for Reko Diq

ISLAMABAD: Pakistan has received an overwhelming response from multinational donors and agencies, which have offered $5 billion in financing to execute the multibillion-dollar Reko Diq copper and gold mining project in Balochistan. Sources told The Express Tribune that the commitments received from foreign donors were more than the funding requirement for the Reko Diq project, … Read more

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Ghislaine Maxwell moved to prison camp, Trump says no plea for pardon

Listen to article Ghislaine Maxwell has been transferred from a Florida prison to a lower-security facility in Texas to continue serving her 20-year sentence for helping the late financier and sex offender Jeffrey Epstein sexually abuse underage girls, the US Bureau of Prisons said on Friday. Maxwell’s move from FCI Tallahassee, a low-security prison, to the Federal … Read more

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Govt criticised for water neglect

[ Listen to article KARACHI: Sindh Chief Minister Syed Murad Ali Shah criticised the federal government on Friday for releasing only Rs3 billion this year out of the Rs78 billion it had committed for the K-IV water project for Karachi. He said the Sindh government had funded all associated components of the project itself. Speaking at the … Read more

SBP pumps Rs13.3tr, raises Rs358b

[The State Bank of Pakistan (SBP) injected a record Rs13.33 trillion into the financial system on Friday through two major Open Market Operations (OMOs), signalling its continued effort to manage liquidity and stabilise financial markets. The injection was made through both conventional reverse repo purchases and Shariah-compliant Mudarabah-based instruments. Under the conventional OMO, the SBP … Read more