AIIB

Pakistan received $2.408b from multilateral creditors, 794.6m from bilateral creditors during seven month period

Benchmark KSE-100 index rises 29.41 points to settle at 37,607.62

IFIs will provide $750m financing for RISE programme

Bank says project will be co-financed by World Bank

Money acquired to build foreign currency reserves and repay loans

Asian Infrastructure Investment Bank of China agrees to grant loan for Ring Road project

Assurance comes after Pakistan highlighted bank’s tilt towards other regional countries

At every momentous turn in history we have seen emergence of testimonials that shape the future of the political order

The water shortage problem in Karachi has been worsening with every passing year

AIIB approved two special fund projects which include $1 million to Nepal to prepare an urban infrastructure

Will be worth Rs137b, bank urges Sindh CM to send details regarding project status

Three-member team visiting Pakistan to explore investment opportunities

The MoU provides an overall framework for cooperation between the World Bank Group and AIIB

This will be the lender’s first co-financing project with the AIIB in South Asia

The infrastructure bank has been seen by some as rival to World Bank, ADB

The United States, and Japan have notably declined to join the bank

The bank's board approved its first four deals worth $509 million on Friday

M4 project will connect other highways to Faisalabad and Multan

AIIB will jointly finance major new highway in Pakistan in its first co-financed project with ADB

AIIB will provide $100 million as co-financing for the M-4 Motorway Shorkot-Khanewal Section

Currently, economic relations between countries help define the overall nature of their relationship

VPs include former British treasury secretary, World Bank officer

Says hydroelectric dams and reservoir projects will be priority for Pakistan

Pakistan has reached the point of zero-sum on nuclear weapons capability with India

Estimated cost of the dam is $14 billion

AIIB President Jin Liqun says bank is looking forward for closer cooperation with Pakistan's public and private sector

US and Japan have notably declined to join the AIIB

Needs too big, lenders too few, say officials

We may be witnessing the early assertive steps of a new superpower. And the year is only half done.