The government on Thursday raised Rs. 68 billion through the auction of five-year fixed rate government of Pakistan Ijara Sukuk against the target of Rs. 25 billion.The cut-off rental rate of 11 percent, however, was much higher than the cut-off rate i…
The Asian Development Bank (ADB) today approved a $300 million policy-based loan to support financial, technical, and governance reforms to strengthen Pakistan’s energy sector and improve its financial sustainability.The financing is part of the second…
The Asian Development Bank (ADB) today approved $385 million in financing to help improve the livability and community health of five cities in Pakistan’s Khyber Pakhtunkhwa province.The Khyber Pakhtunkhwa Cities Improvement Project will help to constr…
The Adviser to the Prime Minister on Commerce and Investment, Abdul Razak Dawood, announced on Friday that Pakistan’s exports had registered the fastest growth rate in South Asia in November 2021.He tweeted that Pakistan’s exports had grown by 33.5 per…
The Pakistani Rupee (PKR) continued its historic decline against the US Dollar (USD) for the fourth day in a row and depreciated by 10 paisas against the greenback in the interbank market today. It hit an intra-day low of Rs. 177.95 against the dollar …
The Resource Group TRG International (TRG) has informed TRG Pakistan that its board has approved the allocation of its liquid assets to its shareholders.According to Topline Securities, TRG International’s board has approved the allocation of liquid as…
Federal Minister National Food Security & Research, Syed Fakhar Imam, visited PITB, along with Secretary National Food Security and Research, Tahir Khursheed, Director General, Muhammad Tariq Khan, and Director Technical fro…
President Dr. Arif Alvi says Pakistan is witnessing boom in tourism sector which will not only project positive image of the country but also help generate revenue.Addressing a conference on the eve of International Mountain Day in Islamabad on Friday,…
Chairman of Ora Developers, Naguib Sawiris, on his visit to Pakistan, expressed high hopes for the real estate sector of Pakistan, adding that Pakistan is an ‘investment heaven’ for foreign investors. He visited Eighteen, a luxury housing society locat…
An inquiry conducted by the Competition Commission of Pakistan (CCP) has found collusion and price-fixing of day-old broiler chicks by a prima facie cartel of eight hatcheries from 2019 to June 2021.CCP initiated the inquiry after receiving several con…
