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Print Published 28 Feb, 2021 04:55am

Govt in talks to lower Chinese power profits

ISLAMABAD: Pakistan and China have formally started talks on reduction in profits on Chinese power plants ...
Govt in talks to lower Chinese power profits
Currency Rate
USD PKR Interbank Selling / Feb 27
158.10
USD PKR Interbank Buying / Feb 27
158.00
USD to Japanese Yen / Feb 27
106.57
USD to Swiss Franc / Feb 27
0.91
Pound Sterling to USD / Feb 27
1.39
Euro to USD / Feb 27
1.21
UK LIBOR % / Feb 27
0.08
Stock Volume
S&P 500 / Feb 27
3811.15
India Sensex / Feb 27
49099.99
Tokyo Nikkei / Feb 27
28966.01
Nasdaq / Feb 27
13192.35
Hang Seng / Feb 27
28980.21
FTSE 100 / Feb 27
6483.43
Dow Jones / Feb 27
30932.37
Germany DAX 30 / Feb 27
13786.29
France CAC40 / Feb 27
5703.22
Item Value
Crude Oil / Feb 27
61.50
Karachi Cotton Assoc. / Feb 27
12200.00
Gold 10 Grams / Feb 27
94564.00
Gold Spot / Feb 27
1728.80
Cotton / Feb 27
88.83

Business & Finance

Money & Banking

Nigeria seeks asset managers for $2.6bn new infrastructure firm

  • The asset managers will originate and manage infrastructure projects, generating return from investments, the bank said on Saturday. The deadline for submission of proposals is March 16.
  • Initial capital will come from the central bank, the Nigerian Sovereign Investment Authority (NSIA), and the Africa Finance Corporation, the central bank has said.
Updated 27 Feb, 2021 09:09pm
BR Research

NBP: Stellar profits

National Bank of Pakistan (NBP) has ended CY20 on a grand note, with the after-tax profits almost doubling from last...
Published 26 Feb, 2021 07:31am
Hormuud Telecom awarded Somalia's first mobile money licence
Industry

Hormuud Telecom awarded Somalia's first mobile money licence

  • Hormuud Telecom began operating in Somalia in 2002 and has some 3.6 million subscribers among the country's population of more than 15 million people.
  • The mobile money sector in Somalia has never been regulated, which added to the perceived risk of the financial sector in Somalia.
Updated 27 Feb, 2021 09:09pm

India's Reliance partners with Google, Facebook for digital payment network bid: ET

  • Set up in 2008, NPCI is a not-for-profit company, which as of March 2019 counted dozens of banks as its shareholders, including the State Bank of India, Citibank and HSBC.
  • A spokesperson for Infibeam declined comment on the report, saying the company was bound by the confidentiality of process, while Reliance, Google and Facebook did not immediately respond to a request for comment.
Published 27 Feb, 2021 05:58pm

Pakistan, KSA agree to cooperate in the field of Tax & Customs

  • It was agreed at the meeting that the two countries would take steps to promote cooperation on bilateral relations related to customs and taxes and the relevant institutions of the two countries would adopt each other's best practices.
Published 27 Feb, 2021 04:02pm

BR Research

BR Research
PSEL: still in the red

PSEL: still in the red

Marred by economic sluggishness, Pakistan’s premium hotel sector was already under pressure prior to Covid-19. ...
Published 26 Feb, 2021 07:35am
BR Research

Dismal telecom FDI

Foreign investment into the country’s telecom sector has flipped back to a disappointing trend in FY21 so far. The...
Published 25 Feb, 2021 07:30am

Pakistan

Latest

World

Surcharge on electricity

Surcharge on electricity

EDITORIAL: The Economic Coordination Committee (ECC) of the Cabinet approving the revocation of the Neelum Jhelum...

Resurgence of terrorism

EDITORIAL: The killing of four women vocational trainers in North Waziristan on February 22, 2021, an attack on ...