Beijing: China´s central bank said on Friday it would cut the reserve requirements for smaller banks to release around $56.3 billion in liquidity, a move to counter the coronavirus impact on enterprises. The People´s Bank of China (PBOC) said in a statement it will also slash the interest it pays on financial institutions´ excess reserves for the first time in 12 years, to encourage them to use the cash rather than store it with the central bank.
State Bank of Pakistan building in this undated image. — SBP/FileKARACHI: The State Bank of Pakistan on Thursday...
The signing ceremony took place during the BYD Asia Pacific dealer conference event in Xi’an
The ACE Money Transfer logo. — ACE Money Transfer websiteLAHORE: ACE Money Transfer and Bank Al Habib have joined...
The MoU was signed by Omer Bin Tariq, country head of Onic Pakistan, and Imran Saleem, general manager ride hailing at...
A representational image of gold bangles. — AFP/FileKARACHI: Gold prices increased by Rs1,500 per tola on Thursday...
US flags hoisted outside the National Mall in Washington, DC. — AFP/FileWASHINGTON: The US economy grew faster than...