Pakistan
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‘Saudi Arabia committed to rescuing Pakistan’ | The Express Tribune
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[ad_1] ISLAMABAD: Saudi Arabia is committed to averting Pakistan’s current economic crisis – worsened recently by climate-change induced flash floods – to help the country achieve political stability and safeguard its national security, said Dr Ali Awadh Asseri, the Kingdom’s former ambassador to Pakistan on Wednesday. Speaking at the Islamabad Conclave the former ambassador said,…
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Gold, silver prices soar to all-time high in Pakistan
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[ad_1] A customer can be seen looking at gold bangles. — AFP/File Gold and silver surged to all-time high prices in Pakistan on Wednesday as the weakening rupee against the US dollar shifted investors’ focus towards safe-haven assets. All Pakistan Sarafa Gems and Jewellers Association (APSGJA) data showed that the price of gold rose by Rs250 per…
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Russian delegation to visit Pakistan on Jan 20 for talks on oil deal: minister
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[ad_1] Minister of State for Petroleum Division, Dr Musadik Malik is addressing a press conference at PID media centre on August 2, 2022. APP/File State minister says US will not impose sanctions on Pakistan for proposed deal with Moscow Minister of State for Petroleum Musadik Malik Tuesday revealed a high-level delegation from Moscow will arrive in…
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Russia to provide fuel to Pakistan at discounted rates | The Express Tribune
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[ad_1] ISLAMABAD: State Minister for Petroleum Musadik Malik revealed on Monday that Russia has decided to provide crude oil, petrol, and diesel to Pakistan at discounted rates. Earlier this month, Finance Minister Ishaq Dar had indicated that Pakistan overcame the United States’ opposition to the purchase of Russian oil and stressed that Islamabad intended to…
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Pakistan repays $1b Sukuk, dismisses perception of default | The Express Tribune
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[ad_1] KARACHI: Pakistan has successfully made a repayment of $1 billion against a matured international Sukuk (Shariah-compliant bond) three days ahead of schedule on Friday, December 2, dismissing the perception of its default on the payment. As per the actual schedule, the country was to return the maturing investment in the US dollar-denominated global bond…
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Pakistan pays $1bn sukuk bond to end immediate default threat: Bloomberg
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[ad_1] Pakistan Friday made the payment for the $1 billion sukuk bond, Bloomberg reported citing the State Bank of Pakistan (SBP) as the country dodged the immediate default threat. Abid Qamar, a spokesperson at the SBP, told the publication that Pakistan transferred the payment on the sukuk bonds three days before its maturity to Citigroup…
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Pakistan to receive $3 billion from ‘friendly country’: Ishaq Dar
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[ad_1] Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar addresses during the All Pakistan Chartered Accountants Conference 2022 on Sustainability, Technology and Transformation held in Islamabad on October 19, 2022. — PPI Finance Minister Senator Ishaq Dar said Friday, without naming the nation, that Pakistan would receive $3 billion from a “friendly country”.…
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Google ‘temporarily suspends’ purchase of carrier-paid apps in Pakistan: MoITT
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[ad_1] A representational image of the Google Play Store logo. —AFP/File ISLAMABAD: Ministry of IT and Telecom (MoITT) confirmed Friday that Google has suspended the purchase of carrier-paid apps in Pakistan via mobile phone owing to nonpayment of outstanding dues held after the central bank shut down the mechanism of payment. The dreaded suspension comes…
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Gold scales new peak, price rises by Rs750 per tola in Pakistan
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[ad_1] An undated image of gold bangles. — AFP/File KARACHI: Gold scaled to a new peak on Friday as the political uncertainty clouded the economic outlook and bolstered bullion’s safe-haven allure, though analysts said the rapid pace of gains could prompt some correction. Data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA)…
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Gold price jumps Rs1,550 per tola in Pakistan
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[ad_1] A representational image of gold bangles. — AFP/File KARACHI: Gold price in Pakistan jumped over Rs1,500 per tola in Pakistan in line with the surge in the international market on the expectation that the US central bank could ease its pace of interest rate hikes “as soon as” December. Data released by All Pakistan…
