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Pakistan launches $1bn sukuk bond in the int’l market

Pakistan on Monday launched a $1 billion Islamic bond, by far the most expensive bond issued to date, with a maturity period of seven...

Current account deficit increases to $9.1bn

According to data released by the central bank the current account deficit has climbed to $9.1 billion in the first half of the current...

Status quo policy rate: 9.75%

The State Bank of Pakistan (SBP) held its benchmark interest rate at 9.75% on Monday signaling a pause in the tightening cycle. "There's no need...

Asim Rauf likely to be next DRAP chief

The federal cabinet is expected to appoint Asim Rauf as the next chief executive officer (CEO) of the Drug Regulatory Authority of Pakistan (DRAP)...

ECC approves Rs240 per kg minimum indicative price for tobacco 

The Economic Coordination Committee (ECC) of the cabinet Monday approved Rs240/kg minimum indicative price (MIP) for tobacco crop for 2022, against an earlier recommendation...

Swiss-Pak economic ties improved despite Covid-19 pandemic: ambassador

Swiss Ambassador to Pakistan Benedict De Carjat Monday said that the mutual trade, commercial and economic relations between Pakistan and Switzerland improved during the...

Senate committee to take up SBP Amendment Bill on January 27

The Senate Standing Committee on Finance and Revenue will take up the State Bank of Pakistan (SBP) Amendment Bill, 2021, on January 27, which...

NEPRA reserves decision on Rs0.95 per unit power tariff hike

National Electric Power Regulatory Authority (NEPRA) has reserved its judgement on the proposed hike of Rs0.95 per unit in the power tariff, and announced...
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