London Interbank Offered Rate (Libor)

ISLAMABAD: Pakistan is getting rid of the London Inter-Bank Offered Rate (LIBOR) and replacing it with the Secured Overnight Financing Rate. The Economic Coordination Committee (ECC) of the Cabinet, is …

ISLAMABAD: With sub-optimal utilisation of earlier $4.5 billion worth of three-year financing framework, Pakistan and the International Islamic Trade Finance Corporation (ITFC) on Wednesday signed a $1.1bn trade financing facility …