Business articles

IFIs, MFIs should invest in alternate, renewable energy growth in Pakistan

Islamabad:  Speakers and participants in a roundtable session stressed on the need for financing macro-level projects of renewable and alternative energy in Pakistan by International Financial Institutions (IFIs) at the generation and supply end; and by Microfinance Institutions (MFIs) at the consumer end in order to meet the growing demand of electricity, which would reach around

EU banking reforms to take ‘year or so': ECB chief

Tokyo: European Central Bank chief Mario Draghi said Saturday reforms to the way European Union banks are supervised would probably not be implemented for another “year or so”. Political leaders have been working towards agreement on a single European banking supervisory body by the start of next year, but Draghi said it would not be