China’s Xi announces over $100 billion in new Belt and Road funding BEIJING: Beijing will inject over $100 billion of new funding into its Belt and Road initiative, President Xi... Published 18 Oct, 2023 01:20pm
Print $10bn refinery: PSO interacting with Bank of China/Sinopec ISLAMABAD: Pakistan State Oil (PSO) is reportedly interacting with Bank of China/Sinopec for establishment of either... Updated 10 Oct, 2023 09:52am
Business & Finance Bank of China’s branch opens in Islamabad: Chinese banks provided support in turbulent times: Dar ISLAMABAD: Finance Minister Ishaq Dar has stated that Pakistan was provided support by the Bank of China, ICBC, and... Published 01 Aug, 2023 06:19am
Markets China, Hong Kong stocks rise on stimulus hope SHANGHAI: Stocks in China and Hong Kong rose on Friday in their best weekly performance in five months, as investor... Published 19 Jun, 2023 06:55am
Pakistan Securing refinancing: govt cleared dues of Chinese banks in advance, says Ishaq Dar Finance minister says $300 million expected from China in 3-5 days Published 17 Jun, 2023 07:04pm
Print Reserves, IMF term: $1bn Chinese loan received KARACHI: Pakistan on Friday night received $1 billion inflows from China as loan to build the depleting foreign... Updated 17 Jun, 2023 08:58am
Business & Finance China cuts reserve ratio given domestic pressures, overseas risks SHANGHAI: China’s central bank made a “timely” move by pumping liquidity into the banking system to respond to... Published 18 Mar, 2023 10:45am
Print Foreign assistance: $20.073bn undisbursed balance as of end Sept 2022: EAD ISLAMABAD: The foreign economic assistance of $20.073 billion was undisbursed balance as of end September 2022, says... Updated 10 Mar, 2023 08:39am
Markets Bank of China lists $300mn bonds on Nasdaq Dubai DUBAI: Bank of China, one of China’s top four state-owned banks, has listed $300 million bonds on Nasdaq Dubai, the... Published 13 Dec, 2022 06:06pm
Opinion China’s top banks to issue offshore loans to help developers repay debt China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt,... Published 03 Dec, 2022 05:51am
Pakistan Pakistan seeks support from Bank of China to bring back macroeconomic stability ISLAMABAD: Pakistan has sought support from the Bank of China to bring back macroeconomic stability, the South Asian... Updated 01 Dec, 2022 05:47pm
Business & Finance Yuan weakens SHANGHAI: China’s yuan weakened against a strong greenback on Wednesday, despite a steady midpoint fixing, with... Published 20 Oct, 2022 05:36am
Markets Aluminium staggers lower on recession fears LONDON: Aluminium and some other base metal prices slumped on Tuesday as concern grew that a global economic ... Published 12 Oct, 2022 05:46am
Print Using RMB/PKR in bilateral trade: PM directs SBP to hold meetings with Chinese banks Finance Division has been directed to take immediate measures to address the liquidity issues of CPEC IPPs Updated 06 Jun, 2022 09:42am
Business & Finance Financial, economic progress: Miftah Ismail lauds contribution of Bank of China ISLAMABAD: Wang Jie, Country Head and CEO, Bank of China Pakistan Operations, called on Federal Minister for Finance... Updated 31 May, 2022 10:30am
Markets Chinese banks limit financing for Russian purchases BEIJING: Several Chinese public banks are limiting financing to purchase raw materials from Russia for fear of... Published 26 Feb, 2022 02:39pm
Business & Finance China issues draft rules on perpetual bonds sales by insurance companies BEIJING: China’s central bank and banking and insurance regulator issued draft rules on Friday on the issuance of... Published 22 Nov, 2021 05:31am
Pakistan ICBC Karachi Branch holds webinar on CIPS KARACHI: Speakers, at a webinar organized by Industrial and Commercial Bank of China (ICBC) Karachi Branch, believed... Published 22 Oct, 2021 04:13am
Markets China's yuan jumps to 4-month high as property concerns ebb SHANGHAI: China's yuan leapt to a four-month high against the dollar on Tuesday, aided by market expectations that... Published 19 Oct, 2021 12:19pm
Business & Finance Chinese central bank boss vows to further fintech crackdown BEIJING: China will strengthen supervision of the online payments industry and continue its anti-monopoly crackdown,... Published 09 Oct, 2021 04:10am
Markets Top steelmaker China Baowu plans 50bn yuan carbon fund BEIJING: The world’s biggest steel producer China Baowu Steel Group has signed an agreement with partners on... Published 16 Jul, 2021 04:34am
Markets Copper prices slips LONDON: Copper prices lost ground in low volumes on Wednesday on tepid demand in top metals consumer China and... Published 15 Jul, 2021 04:03am
Markets Bitcoin drops below $30,000 as relentless China crackdown weighs Bitcoin tumbled 11% on Monday, its largest one-day drop in over a month, with losses of nearly 30% in the last week alone almost wiping out gains for the year-to-date. Published 22 Jun, 2021 11:28pm
Markets China bars banks from selling commodities-linked products to retail buyers BEIJING: China’s banking regulator has asked lenders to stop selling investment products linked to commodities... Published 27 May, 2021 03:40am
Business & Finance Bitcoin tumbles below $40,000 after China issues warning The central bank has also sought to promote its own heavily regulated digital yuan, which it is testing across the country in pilot schemes. Published 19 May, 2021 11:21am
Markets Copper bounces back as bullish investors bet on shortages LONDON: Copper prices rebounded on Tuesday as investors renewed their buying spree, hoping that supply constraints... Published 12 May, 2021 04:23am
Print Sri Lanka gets $500m South Korean loan COLOMBO: Sri Lanka said Monday it had secured a $500 million loan from South Korea, a month after a similar loan ... Published 11 May, 2021 04:39am
Markets Copper climbs on Chinese factory data, infrastructure hopes A stronger U.S. currency makes dollar-priced metals more expensive and less appealing to holders of other currencies. Updated 01 Apr, 2021 12:01am
Markets Aluminium gives up gains, copper slips LONDON: Aluminium prices retreated on Wednesday as producers took advantage of a rally to sell metal and after an... Published 04 Mar, 2021 04:58am
Business & Finance Chinese banks, Australia’s Macquarie tiptoe into Asian oil finance void SINGAPORE: Chinese national banks and Australia’s Macquarie Group are quietly filling some of the... Updated 01 Mar, 2021 09:41am
