Eurobonds slump amidst debt relief confusion

KARACHI: Pakistan’s dollar bonds, or Eurobonds, slumped internationally on Friday as Prime Minister Shehbaz Sharif went on record stating that Pakistan needs...

The new price of petrol

ISLAMABAD: Fuel prices in Pakistan have increased yet again. According to the latest price notification announced by the government on September 21,...

TPL-TASC consortium to bid for telecom tower infrastructure

ISLAMABAD: In a significant development in the growing field of telecom tower infrastructure in Pakistan, local company TPL Properties has formed a...

August sees single greatest contraction in auto financing

LAHORE: The State Bank of Pakistan (SBP) has released its credit data for the month of August, 2022. Net automotive loans have...

Pakistan won’t default on debts despite floods, says Miftah

ISLAMABAD: Pakistan will “absolutely not” default on debt obligations despite catastrophic floods, the finance minister said on Sunday, signalling there would be no...

Most of FY21 budget was spent on debt, interest payments: AGP

ISLAMABAD: Pakistan spent Rs18,486.19 billion out of the Rs21,837.24 billion of its total budget in fiscal year 2020-21 (FY21) to repay debt...

Miftah pushes for quick completion of WB initiatives

ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail urged for fast-tracking the progress of all the World Bank’s initiatives in Pakistan...

Saudi Arabia rolls over $3bn deposits for one year

The Saudi Fund for Development (SFD) on Sunday confirmed the rollover of a $3 billion deposit for Pakistan, which will mature on...
CDNS

President orders CDNS to pay correct profits on certificates 

ISLAMABAD: President Dr Arif Alvi has directed the Central Directorate of National Savings (CDNS) to pay profit on Special Saving Certificates (SSCs)...

DISCOs again seek power price hike under FCA of August

ISLAMABAD: The power tariff is again likely to be increased as the Central Power Purchasing Agency (CPPA) has filed an application with...

Auto parts manufacturers ask govt to increase import quota

LAHORE: Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) have jointly written a letter to...
OGDCL

OGDCL to award $85m Uch project to firm against audit dept’s advice 

ISLAMABAD: In a move against its audit department’s advice, the Oil and Gas Development Company Limited (OGDCL) is all set to award...

POL import bill up by 6.97pc to $3.3bn in 2 months

ISLAMABAD: Imports petroleum group witnessed an increase of 6.97 per cent during the first two months of the current fiscal year 2022-23...

Pak-Iran ‘Pishin border market’ to open next month

ISLAMABAD: The opening of Pakistan-Iran 'Pishin border market' is expected in the coming month, which is aimed at increasing free trade between...

Suzuki Pakistan launches Alto VXR AGS 

LAHORE: Pak Suzuki Motor Company (PSMC) has introduced  the fourth variant to PSMC’s best selling car of FY22, the new Alto VXR...