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  • Pakistan issues $500 million Euro bond

    KARACHI: Pakistan has issued a new 10-year bond of $500 million in the international Euro bond market, the finance ministry said Friday, at a coupon rate of 8...

    A finance ministry team comprising Finance Secretary Waqar Masood Khan and Governor State Bank of Pakistan Ashraf Wathra held road shows to launch the bond in London, Los Angeles, Boston and New York...

  • Pakistan Navy buying vessels for special operations from US company

    WASHINGTON: Pakistan Navy has placed an order for two 75m Swift Corvettes from a US-based shipbuilding company, Swiftships, said the company’s Chief Executive Officer Shehraze Shah...

    In an interview with a defence and security magazine Mönch, Mr Shah said that the Pakistan Navy had also purchased Swiftships’ 11m Special Operation Craft Riverine, which was deployed for counterinsurgency and drug-interdiction missions...

  • International security company hired for Pakistan by ICC: Sethi

    LAHORE: The International Cricket Council (ICC) has hired an international security company on a three-year term in order to aid the resumption of international cricket in Pakistan, Pakistan Cricket Board (PCB) chairman Najam Sethi said on Tuesday...

    Sethi told Dawn that the security company will visit the country during either the last week of August or the first week of September...

  • Panama president admits to offshore company in Pakistan and other unbreakable news

    Panama City: According to an un-leaked set of papers which were to be leaked along with the notorious Panama Papers (but weren’t), the president of Panama, Jean-Claude Van Damme, has an off-shore company in Pakistan...

    According to the newspapers and TV channel owned by the PLMG, President Damme, who came to power after the 2014 presidential election, opened an offshore company in Lahore in December 2014...

  • Chinese company to build LNG, gas pipeline projects in Pakistan

    5 billion Gwadar liquefied natural gas (LNG) and the Iran-Pakistan gas pipeline in November, Interstate Gas Systems (ISGS), who opened the technical bid for the construction of projects told media personnel on Wednesday...

    Related: Iran Pakistan gas pipeline to be completed by 2017CPP will construct the terminal with a capacity to handle 500 mmcfd (million cubic feet per day) of LNG and a floating storage gasification unit...

  • Pakistan Microfinance Investment Company launched

    ISLAMABAD: The Pakistan Microfinance Investment Company (PMIC), a private-sector firm which aims to use public funding to invest commercially in people and businesses on lower incomes, was launched on Thursday by Finance Minister Ishaq Dar...

    The PMIC has been created by the Pakistan Poverty Alleviation Fund (PPAF) and Karandaaz Pakistan — funded by UK’s Department for International Development (DFID) — and the KfW, a German...

  • ADB offers to increase assistance to help Pakistan become trading hub

    ISLAMABAD: Asian Develo­pment Bank (ADB) President Tak­e­hiko Nakao on Tuesday offered to increase its development assistance to Pakistan and called for improved governance and security, reviving agriculture and increasing exports...

    “Given the strong economic credentials of Pakistan and growth trajectory, the ADB is actively considering to increase its assistance in infrastructure, roads and railways, port facilities and energy...

  • Pakistan Stock Exchange tests 50,000 barrier in intraday trading

    The Pakistan Stock Exchange (PSX) continued its record-breaking upward trajectory on Tuesday, with the KSE-100 index testing the 50,000 barrier in intraday trading for the first time in its history, before closing at 49968...

    ”The trading volume decreased to 509 million shares from 600 million shares traded on Monday, while the value of shares traded increased to Rs 28...

  • All eyes on Paris as Euro 2016 draws set to take place

    Because this Euro is taking place in France, he has made a special effort to help with the preparation,” said Jacques Lambert, the head of the tournament organising committee...

    “He has been very close to all the decisions that have structured the preparation and it is heartbreaking to imagine the Euro taking place without him...

  • Morato double boosts Spain hopes of Euro treble

    PARIS: Alvaro Morato scored twice for defending champions Spain and Eder was Italy's winner as the two booked places in the last 16 of Euro 2016 on another day marred by fan violence...

    UEFA ordered Croatia to play two Euro qualifying matches behind closed doors, deducted a point and fined the federation 100,000 euros when a Nazi swastika symbol was drawn on a pitch before a Euro qualifier against Italy a year ago...

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