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Web Desk Karachi
Dec 20, 2024

First non-Chinese loan in years, Pakistan obtains $300 million from UBL

Of the total loan, $250 million has been secured at an interest rate of one-year SOFR plus 3%, translating to an approximate rate of 7.2%.

Business

Web Desk Karachi
Dec 20, 2024

UAE’s first government-owned EV charging network to implement tariffs in 2025

This shift to a tariff-based model emphasizes UAEV’s commitment to operational excellence and aligns with the UAE’s vision for a sustainable future.

Business

Web Desk Karachi
Dec 20, 2024

RTA Awards AED 20.5 billion contract for Dubai Metro Blue Line to Turkish-Chinese consortium

The project will span 30 kilometres and include 14 stations, poised to transform the transportation landscape of the city,

Business

Web Desk
Dec 20, 2024

Crypto slump deepens as Bitcoin falls under $97,000

On Friday, Bitcoin (BTC) extended its decline, slipping below its previous close of $97,616.36. The cryptocurrency was seen trading at $96,881 within the first trading hour.

Business

Reuters
Dec 20, 2024

Fed’s slowdown in rate cuts puts pressure on gold prices

Gold prices were set for a weekly decline on Friday after the Federal Reserve’s verdict on its monetary policy-easing cycle signalled a slowdown in rate cuts, while focus shifted to the US Personal Consumption Expenditure data due later in the day.

Business

Reuters
Dec 20, 2024

Oil prices on track for 2 per cent weekly loss amid demand, dollar worries

Global oil prices fell in early trading on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down more than 2 per cent.