Sovereign bonds slumped on Friday after Pakistan’s bailout talks with the IMF ended without an agreement.The country’s bond due for repayment the soonest, in April 2024, tumbled 4.6 cents on the dollar or roughly nine per cent. Other bonds with longer repayment dates fell between two and three cents to […]
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WTP Report Minister for Finance and Revenue Minister Ishaq Dar is confident that the matters will be settled with the International Monetary Fund (IMF) and people will soon hear the “good news”. He said the government was working expeditiously to enhance length and quality of road infrastructure in the country […]
MOSCOW (REUTERS) – Russian oil producers increased output by almost 1% in the first week of February from January, despite Western embargoes on Russian fuel, Kommersant daily reported on Thursday, citing anonymous data. The newspaper said producers increased oil and gas condensate output by 0.7% in the first week of […]
MADRID – UNS: The fifth round of Pakistan – Spain Annual Bilateral Consultations was held in Madrid on Tuesdsy. The Pakistan side was led by Foreign Secretary, Dr. Asad Majeed Khan while the Spanish side was led by Secretary of State for Foreign and Global Affairs, Ms. Ángeles Moreno Bau. […]
Pakistan’s oil companies have warned that the industry is on the “brink of collapse” as the dollar liquidity crisis persists and their cost of doing balloons due to the rupee’s devaluation. To meet the International Monetary Fund’s (IMF) demand, the government removed the dollar cap, resulting in the rupee falling […]
ISLAMABAD -UNS: Pakistan’s foreign exchange reserves held by the central bank decreased by 16.1 per cent to $3.09 billion in the week ending Jan 27, the State Bank of Pakistan (SBP) said on Thursday, which analysts said covers less than three weeks of imports. The country is locked in negotiations […]
ISLAMABAD -UNS: NdcTech, a global IT Company providing transformational services to the banking sector and winner of Temenos Best Sales Partner Award in MEA attended Temenos Kick-Off 2023 which took place at Palau Congress Center at Palma de Mallorca, Spain from 17th to 20th January 2023. TKO is an annual […]
JAMES M. DORSEY When Mohammed al-Jadaan told a gathering of the global political and business elite that Saudi Arabia would, in the future, attach conditions to its foreign aid, the finance minister was announcing the expansion of existing conditionality rather than a wholly new approach. Coined ‘Saudi First,’ the new […]
The dropping of foreign reserve from 11 billion dollars to $3.68 billion and the rupee losing ten percent of its value vis a vis the US dollar in this week-breaking the two decades record indicates something terrible is rotting and happening in the state of Pakistan. The rupee is continuously […]
ISLAMABAD -UNS: Over Rs35 increase in the prices of petrol and diesel.Finance Minister Ishaq Dar on Sunday morning announced price hike, which will be applicable from 11am today. Dar said that speculation was rife on social media regarding an Rs.50 increase in the prices of petrol and diesel. “Because of […]