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SBP caps bank charges on digital sales of petroleum products to minimise burden on fuel stations – Business

ISLAMABAD: Following demands from petroleum dealers, the State Bank of Pakistan (SBP) has capped bank charges on sales of petroleum products through digital payment methods — including debit and credit cards and online transfers — to minimise the financial burden on fuel stations and promote digital inclusion. Under the decision, merchant discount rates (MDR) for…

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Newsom blamed Trump for high-speed rail’s $4 billion funding cut. Records show California never bought the trains it promised.

California’s High-Speed Rail Authority repeatedly missed key deadlines to buy its trains, a failure federal officials cited when they pulled $4 billion in funding a year ago. More than a year and a half after the original deadline, the authority still cannot say when it expects to award the contract. The state says that the…

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