RIYADH: State-controlled utility Saudi Electricity Co (SEC) has obtained $1.5bn in financing from Industrial and Commercial Bank of China, SEC said on Thursday.
The five-year “direct commercial funding agreement” was signed on June 29 and will be used to fund part of SEC’s capital projects. The funding was extended without SEC providing any guarantees, the company said without elaborating.
LAHORE: Pakistan’s northern trade gateway witnessed record-breaking performance, with Customs authorities collecting nearly Rs15 billion in revenue from imports through...
ISLAMABAD: The Pakistan Single Window (PSW) and the Pakistan Airports Authority (PAA) have signed a Memorandum of Understanding to digitalize...
KARACHI: Producing a Rs5,000 or Rs1,000 currency note costs Rs14, State Bank of Pakistan officials told the Senate Standing Committee...
ISLAMABAD: Pakistan received more than $763 million in external financial assistance during July, the first month of the current fiscal...
