Category: Newsfeed
-
UBL Arranges $300m Financing for Pakistan
United Bank Limited (UBL) has successfully arranged and financed a $300 million short-term loan for Pakistan’s government through its UAE and Bahrain branches. This marks the first foreign loan outside of China since 2022, aimed at supporting Pakistan’s external financing needs in line with IMF commitments. UBL’s international assets exceed $2.4 billion, showcasing its capability…
-
Gwadar Airport to Launch Flights to Muscat from January 10
The newly constructed Gwadar International Airport is set to commence flights to Muscat starting January 10, 2025. This announcement comes after delays due to security concerns. The $200-million Chinese-funded facility, designed to handle both domestic and international flights, is among the largest airports in Pakistan. Capable of accommodating Airbus A380 aircraft, it is expected to…
-
South Korean Court Issues Arrest Warrant for President Yoon
In a historic move, a South Korean court has issued an arrest warrant for President Yoon Suk-yeol over his brief declaration of martial law. The Seoul Western District Court approved the warrant following a request by the Joint Investigation Headquarters, marking the first time authorities have sought to detain a sitting president. Yoon faces charges…