JPMorgan is finalising plans for a new index to track frontier market local currency bonds, investors consulted on the details told Reuters, as the bank looks to satisfy a growing appetite for riskier and more diversified high-yield debt. Six leading money managers who spoke to Reuters on condition of anonymity said the bank’s engagements with them reached an advanced stage in the second half o
Asian stocks were on shaky ground on Wednesday, following steep losses in US and European equities on fears that advancements in artificial intelligence could supplant traditional software. Oil prices climbed after the US shot down an Iranian drone and armed boats approached a U.S.-flagged vessel in a key waterway, while precious metals found a firmer footing after a recent rout. A selloff a
Pakistan International Airlines (PIA) has entered into a significant cargo-sharing agreement with the global aviation group Air France-KLM, marking a major expansion of the national carrier’s international freight capabilities. The cargo partnership agreement, which came into effect on January 15, will provide PIA Cargo access to Air France-KLM’s extensive worldwide network, according to a PIA
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday assured support to the Khyber Pakhtunkhwa government on National Finance Commission (NFC) releases and related fiscal matters during a meeting with KP Chief Minister’s Adviser for Finance Muzamil Aslam. Senior officials from the Finance Division and the Khyber Pakhtunkhwa government also attended the meeting, a news
Chairman of the Exchange Companies Association of Pakistan (ECAP), Malik Muhammad Boston has said that Pakistan needs industrial development, and the government should install plants within the country for goods that are currently imported. Welcomed the new incentive package announced by Prime Minister of Pakistan Mian Shehbaz Sharif for the export industry, said that with the reduction in the