Financial and Banking News


IDB Provides $51.5mn in Aid to Pakistan and Oman 

The Islamic Development Bank (IDB) is to provide $51.5mn in aid to Pakistan and Oman under two agreements signed in early January. Pakistan will receive $35mn to finance imports of crude oil, while Oman will receive a $16.5mn loan to help finance the construction of two power stations in the Sahar and Buraimi areas.