The US-Israeli war on Iran has cost companies around the world at least $25bn, with the bill continuing to climb – Business
The US-Israeli war on Iran has already cost companies around the world at least $25 billion — and the bill is climbing, according to a Reuters analysis. A review of corporate statements since the start of the conflict by companies listed in the United States, Europe and Asia offers a sobering look at the fallout. […]
Oil touches two-week high after drone attack on UAE nuclear power plant – Business
Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as US President Donald Trump is expected to discuss military options on Iran. Brent crude futures climbed $2.01, or 1.84 per cent, to $111.27 […]
Situationer: Panda Bond: financial breathing space or catalyst for reform? – Business
PAKISTAN’S successful debut in China’s onshore bond market through the issuance of its first-ever Panda Bond is undoubtedly an important financial milestone. Raising RMB1.75 billion at a remarkably low 2.5 per cent coupon — far below the cost of Pakistan’s conventional external borrowing — reflects improving investor sentiment towards the country’s macroeconomic stability. The more […]
IMF sets Rs17.1tr federal revenue target for 2026-27 – Business
• Proposes Rs430bn new budgetary measures• Suggests 18pc hike in petroleum levy target• Asks provinces to mobilise extra Rs430bn• Links power tariff relief to BISP• Sees economic growth at 3.5pc• Estimates average inflation at 8.4pc• Seeks hike in BISP payment to Rs18,000 with 40pc population vulnerable ISLAMABAD: With Rs430 billion in new budgetary measures and […]
Gold prices in Pakistan Today
KARACHI: Gold and silver prices declined in both international and domestic markets on Saturday. In the international bullion market, the price of gold fell by $6 per ounce to $4,539. According to the All-Pakistan Gems and Jewellers Sarafa Association, in the local market, the price of gold per tola decreased by Rs600 to Rs476,262. The […]
PM Shehbaz lauds ‘historic’ Pak-China ties in meeting with Chinese business delegation – Pakistan
Prime Minister Shehbaz Sharif on Friday lauded the “historic” ties between Pakistan and China during a meeting with a Chinese business delegation. According to a handout from the Prime Minister’s Office, a high-level 11-member Chinese business delegation led by Qian Xiaojun, the founder, president and controlling shareholder of IBI Beijing United Technology, called on the […]
Oil rises after Trump says he is losing patience with Iran
A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. Photo: Reuters Oil prices gained more than 1% after President Donald Trump said he would not be much more patient with Iran and as concerns persisted over ship attacks and seizures despite Tehran saying about 30 vessels had […]
Pakistan raises $250m equivalent in inaugural Panda bond issuance – Business
ISLAMABAD: Pakistan raised $250 million equivalent through its inaugural Panda bond issuance in the Chinese capital market at an interest rate of 2.5 per cent, with a three-year maturity, according to Advisor to the Finance Minister Khurram Schehzad. In a social media post on X on Thursday, Schehzad said: “Pakistan has successfully completed its inaugural […]
Finance ministry terms report on Dar being ‘handed’ budget-making process ‘misleading, incorrect’ – Business
The Ministry of Finance said on Thursday that a media report claiming Deputy Prime Minister and Foreign Minister Ishaq Dar had been handed the budget-making process was “misleading” and “factually incorrect”. The clarification came after a report published by The Express Tribune said the government had “handed over the responsibility of making the new budget […]
Finance ministry says report on Dar being handed budget-making process ‘misleading, incorrect’ – Business
The Ministry of Finance said on Thursday that a media report claiming Deputy Prime Minister and Foreign Minister Ishaq Dar had been handed the budget-making process was “misleading” and “factually incorrect”. The clarification came after a report published by The Express Tribune said the government had “handed over the responsibility of making the new budget […]