By day it’s Romeo’s workplace, by night it’s his home. Like many other financial sector workers in Shanghai, he has moved into the office to keep the wheels of commerce turning during a harsh Covid lockdown of the megacity. Anticipating that creeping closures would catch him out, Romeo decamped to the Pudong district in Shanghai’s … Read more
KARACHI: Prime Minister Imran khan on Tuesday launched the second phase of Raast, a person-to-person (P2P) instant payment system, a statement said on Tuesday. Raast, a flagship initiative of the State Bank of Pakistan (SBP) is a payment system platform that enables various types of transactions among different stakeholders such as organisations, businesses and persons. … Read more
WASHINGTON: Amid ongoing talks on a new aid programme, the IMF is examining data from Lebanon’s government on the scope of financial sector losses, estimated at about $69 billion, a fund spokesman said on Thursday. “I’d say there’s been considerable progress in identifying financial sector losses,” IMF spokesman Gerry Rice told reporters in reference to the … Read more
