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 … Read more
“The Daily Show’s” Ronny Chieng breaks down politicians’ walkout songs at the DNC – CBS News Watch CBS News As the Democratic National Convention continues, “The Daily Show’s” Ronny Chieng shifts the focus to the music chosen by politicians. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. … Read more
A file photo of vehicles passing through accumulated rain water during rain in Karachi. Photo — INP KARACHI: A fresh spell of monsoon rains has descended on different parts of Karachi, creating humid conditions, deluging roads, and stalling traffic, amid Sindh government directives for the municipality to initiate dewatering activities with all available resources. Several … Read more