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.
HYDERABAD: Collectorate of Customs (Enforcement), Hyderabad, has significantly intensified its anti-smuggling campaign, conducting a series of successful intelligence-based operations that...
KARACHI: The federal government borrowed more than Rs. 4.9 trillion from commercial banks during the first eleven and a half...
LAHORE: The Federal Board of Revenue (FBR) has frozen the bank accounts of the Universal Service Fund (USF), a government-owned...
ISLAMABAD: The federal government has approved the complete abolition of Super Tax for companies whose export receipts account for more...
