KARACHI: Pakistan’s US dollar-denominated Eurobonds hit a record high price in the global market following an informal invitation from the newly elected government of Prime Minister Shehbaz Sharif to the International Monetary Fund (IMF) for talks on the last loan tranche of $1.1 billion and a new loan programme. The development spurred global investors, encouraging them to take new position
KARACHI: Leading international and local experts in the energy, power, infrastructure, risk management, and insurance sectors have urged for the promotion and assurance of privatising all government departments to address both the energy and economic challenges of the country. They said this during presentations at a conference titled: “Energy Summit ‘24,” focused on fostering growth, collabora
ARACHI: Pakistani currency continued to depreciate for the third consecutive working day on Tuesday as it reached Rs279.31 against the US dollar in the inter-bank market. According to State Bank of Pakistan’s (SBP) data, the rupee trimmed 0.02% of its value, or Rs0.05, against the greenback on a day-on-day basis. Market talk suggests that exporters were charging a higher premium on US dol
ISLAMABAD: Expenditures of the federal government shot up 50% to Rs7.5 trillion during the first seven months of the current fiscal year, a challenge that the political leadership is planning to tackle through a technocratic-bureaucratic setup in the finance ministry. As against expenses of Rs5 trillion during July-January of the last fiscal year, the federal government spent Rs7.53 trillion du
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Sheikh and Businessmen Group (BMG) Chairman Zubair Motiwala have urged Prime Minister Shehbaz Sharif to resume the unfinished negotiations initiated during the last few days of his previous tenure as the premier. They said though all the federal secretaries sent to KCCI had agreed on numerous remedial measures for