RIYADH: The Saudi Electricity Co (SEC) signed an agreement on Wednesday with the Industrial and Commercial Bank of China (ICBC) for a loan of $1.5 billion, Al Eqtisadiya online reported Thursday.
The five-year loan will fund the Saudi company’s capital projects, the report said. Earlier this month, the SEC signed a 900-million-dollar loan agreement with Export-Import Bank of Korea as well as other international lenders to finance the construction of the new Shuqaiq power plant.
ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI), Sardar Tahir Mehmood, has urged Prime Minister Shehbaz Sharif to rationalize...
KARACHI: Pakistan’s banking sector has recorded a sharp rise in US dollar deposits despite strict controls imposed by the State...
KARACHI: The Securities and Exchange Commission of Pakistan has approved two more Initial Public Offerings for listing at the Pakistan...
PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) held prize distribution ceremony for its first lucky draw of consumer reward scheme to...
