Pakistan, Eurasia and Central Asia: TDAP organises awareness session on banking channels for exporters KARACHI: Trade Development Authority of Pakistan (TDAP) successfully organised an insightful Awareness Session for... Published 25 Jan, 2024 04:23am
Print Trade settlement in Chinese RMB soars 600pc ISLAMABAD: Pakistan’s trade settlement in Chinese RMB has increased by 600 percent, ie, from 2 percent in 2018 to... Updated 20 Jan, 2024 05:29pm
Print Thar coal-fired power project: PPIB announces financial close ISLAMABAD: The Private Power and Infrastructure Board (PPIB) on Wednesday announced financial closing of the... Updated 14 Dec, 2023 09:35am
World China’s biggest lender ICBC hit by ransomware attack WASHINGTON: The Industrial and Commercial Bank of China’s (ICBC) US arm was hit by a ransomware attack that... Published 11 Nov, 2023 06:30am
Business & Finance Dollar steady against euro, yen weakens NEW YORK: The dollar held steady against the euro on Friday after Federal Reserve Chair Jerome Powell indicated that... Published 11 Nov, 2023 06:30am
Business & Finance ICBC Karachi hosts ‘RMB Clearing Bank Grand Opening Ceremony’ in Islamabad ISLAMABAD: The Industrial and Commercial Bank of China (ICBC) Karachi Branch proudly hosted the “RMB Clearing Bank... Published 30 Oct, 2023 05:24am
Print Use of RMB: Regulatory framework put in place: minister ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar Friday said the State Bank of Pakistan has already put in... Updated 28 Oct, 2023 04:31pm
Print Growing significance of RMB highlighted KARACHI: Speakers, at a seminar titled “RMB Prospects & Applications” hosted by the Industrial and Commercial... Updated 30 Aug, 2023 09:07am
Markets Dar lauds support as Bank of China’s second branch opens in Islamabad Finance Minister Ishaq Dar on Monday lauded the role of China’s banking sector and its institutions for supporting... Updated 31 Jul, 2023 05:34pm
Print 1,320MW Shanghai Thar Coal Block-1: Financial closure in peril as ICBC decides to withdraw $300m financing ISLAMABAD: The financial closure of 1,320 MW Shanghai Thar Coal Block-1 is reportedly in trouble as Industrial and... Updated 07 Jul, 2023 08:58am
Markets Pakistan to receive $300mn from ICBC today: Dar This will bring total funds received from ICBC to $1.3 billion Updated 14 Apr, 2023 06:30pm
Business & Finance China’s biggest bank ICBC posts 1.9% fall in Q4 profit BEIJING: Industrial and Commercial Bank of China (ICBC), the world’s largest-listed lender by assets, reported a... Published 30 Mar, 2023 04:40pm
Business & Finance Pakistan receives $500m from China’s ICBC bank KARACHI: Pakistan has received a loan tranche from China of $500 million that will help the country shore up its... Published 18 Mar, 2023 06:14am
Markets Back-to-back gains: rupee settles at 281.71 against US dollar Currency appreciates 0.25% in inter-bank market Updated 17 Mar, 2023 07:22pm
Business & Finance Documentation for ICBC-backed $500m disbursement complete: Dar ISLAMABAD: Finance Minister Ishaq Dar has stated that documentation for second disbursement of US 500 million ... Published 17 Mar, 2023 06:15am
Pakistan Documentation for ICBC’s second $500mn disbursement complete: Dar Earlier this month, Pakistan’s central bank received $500 million from China’s ICBC, the first of three disbursements that were approved for rollover Updated 16 Mar, 2023 05:23pm
Pakistan Pakistan's ex finance chief Miftah warns against any kind of debt restructuring Difficult task to get China and the West to sit on one table for such an endeavour, he says Updated 16 Mar, 2023 09:46am
Business & Finance Forex reserves up $487m on Chinese inflows KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) further rose by $487 million during... Published 10 Mar, 2023 03:46am
Markets On back of another Chinese loan, SBP-held forex reserves increase $487mn, now stand at $4.3bn This is the fourth successive increase in central bank-held reserves on weekly basis Updated 09 Mar, 2023 09:33pm
Markets Marginal gain: rupee settles at 277.87 against US dollar Currency records appreciation of 0.02% in inter-bank market Updated 07 Mar, 2023 09:23pm
Business & Finance Pakistan receives $500m financing from Chinese bank ISLAMABAD: Pakistan has received $500 million from the Industrial and Commercial Bank of China Ltd (ICBC), Federal... Published 05 Mar, 2023 03:36am
Markets SBP receives $500mn from ICBC: Ishaq Dar Finance minister had earlier said that ICBC has rolled over $1.3bn-facility, reiterated that Pakistan will not default Updated 04 Mar, 2023 01:36pm
Business & Finance ‘Gwadar plants on Thar coal’: Two Chinese loans to be confirmed soon ISLAMABAD: China has reaffirmed strong resolve to extend financial support to Pakistan including early confirmation... Updated 19 Jan, 2023 08:39am
Business & Finance Banks divert gold supply from India to China, Turkey MUMBAI: Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on... Updated 05 Oct, 2022 09:50am
Business & Finance OICCI, ICBC Pakistan hold webinar on RMB KARACHI: To facilitate local markets understanding and utilization of RMB, and further in the light of some interest... Published 29 Jun, 2022 05:44am
Markets China approves ICBC-Goldman JV to start offering wealth services Industrial and Commercial Bank of China (ICBC) said on Friday its wealth management joint venture with Goldman Sachs... Published 24 Jun, 2022 06:13pm
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