Pakistan signs $4.5b loans with local banks to ease power sector debt

KARACHI, June 21 (Arab News): Pakistan has signed term sheets with 18 commercial banks for a 1.275 trillion Pakistani rupee ($4.50 billion) Islamic finance facility to help pay down mounting debt in its power sector, government officials said on Friday.The government, which owns or controls much of the power infrastructure,...

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Janata Bank holds Barishal division branch managers' conference

Janata Bank holds Barishal division branch managers' conference A branch managers' conference of Barishal Division organised by the Janata Bank PLC was held at a local hotel on Friday. Chairman of the bank M Fazlur Rahman attended the conference as the chief guest while Managing Director Md Mazibur Rahman and...

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Saudi gold demand defies price surge amid cultural, digital shift

RIYADH, June 21 (Arab News): Gold prices may be at record highs, but that has not stopped Saudi consumers from buying. In the first quarter of 2025, demand for gold jewelry in the Kingdom jumped 35 per cent year on year, even as global demand fell 21 per cent, according...

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