The State Bank of Pakistan (SBP) has repaid $1 billion against euro bonds, creating goodwill for the bonds in the near future. Pakistan on Friday successfully made a payment of $1bn on an international bond, which included principal plus interest, the central bank said in a statement on Saturday. “The payment was made to the agent bank for onward distribution to the bond holders,” it added.
For the better part of the last 15 years, Pakistan has faced serious economic troubles. Even during the supposedly good times, the alarm bells were quite clear. Lately, we have truly learned the meaning of rock bottom through a series of ‘firsts’. Be it the highest inflation in our history, interest payments exceeding federal revenues or another indicator of your choice. Briefly, the startup
The United Arab Emirates (UAE) and Turkiye followed with their earnings of $155bn and $90bn, respectively, according to a World Bank report. Pakistan can learn a lot from these three nations and from China and India — the two Asian giants. Combined, the five countries boast an 18 per cent share in global services exports. We all know that Singapore has one of the best education systems, and Sin
Finance Minister Muhammad Aurangzeb arrived in Washington on Sunday with his team to participate in the IMF and World Bank’s spring meetings and initiate talks on a new financial package ranging from $6 billion to $8 billion. The IMF ministerial meetings and events are scheduled for April 17-19, with additional activities planned from April 15-20. Mr Aurangzeb and his team have a packed sc
While the impact of the Middle East escalation is yet to materialise, the higher international market is estimated to push up the prices of petrol and high-speed diesel by about Rs2.50 and Rs8.50 per litre, respectively on Monday (April 15) for the next fortnight, despite a decline in the import premium and a slightly improved exchange rate. Informed sources said the prices of petrol and HSD ha