Potential Evergrande fallout to mostly impact China alone

Financial distress at Evergrande has brought jitters in Emerging Market bonds — however, fortunately most of the impacts are limited to Chinese real estate bonds, where contagion from fall-out appears far-fetched. 2021 marks significant regulatory changes in China under the banner of “Common Prosperity Initiative” – targeting companies in Tech space, Real estate, and Education.…

PIBT plans to expand coal handling capacity to 16mn tons

KARACHI: Pakistan International Bulk Terminal (PIBT), country’s only fully mechanized bulk terminal, plans an expansion of the terminal’s coal handling capacity to 16 million tons from existing 12 million tons. Presently, PIBT has a coal handling capacity of 12 million tons, and last year we handled over 10 million tons. Infrastructure projects are planned and…