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Chinese lenders agree on daily SOFR

ISLAMABAD: Chinese lenders to the independent power producers (IPPs) have refused to accept the Term “Secured Overnight Financing Rate” (SOFR) but have agreed on transitioning from the London Inter-bank Offered Rate (Libor) to daily SOFR. The issue was taken up during suo motu proceedings on Thursday on the subject of shifting from Libor to SOFR […]

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پی آئی اے pia

Increase in Salaries of Daily Wages Employees of PIA

The salaries of Pakistan International Airlines (PIA) daily wages employees have been increased. The salaries of daily wages employees of PIA have been increased by 5 thousand rupees, after which the employees will be given a monthly salary of 37 thousand rupees. New series of monsoon rains will continue from September 2 to 5, NDMA […]

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خام تیل

Increase in daily crude oil production in Pakistan

Pakistan has recorded an increase in daily crude oil production while a decrease in gas production has been recorded. According to PPIS and industry data, the average daily production of crude oil in the week ended August 24 was recorded at 66,227 barrels, which is 9% higher than the previous week. Average production was 60,744 […]

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China offers counterterror support - Daily Times

China offers counterterror support – Daily Times

China has strongly condemned the recent terrorist attacks in Balochistan and expressed deep condolences to the victims, the Chinese Foreign Ministry said on Tuesday. Foreign Ministry spokesperson Lin Jian, responding to a question at a daily press briefing, stated, “China firmly opposes all forms of terrorism and will continue to firmly support Pakistan in advancing […]

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Balochistan bleeds - Daily Times

Balochistan bleeds – Daily Times

Balochistan faced a deadly surge in violence on Monday, with multiple attacks across the province resulting in over 50 deaths, including 23 passengers in Musakhail, according to officials. In response, security forces neutralised 21 terrorists and injured several others. Balochistan CM Sarfaraz Bugti said that 38 innocent lives were claimed by terrorists, while the Inter-Services […]

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