Pakistan News

    Library State Bank Of Pakistan Bonds

  • Brics bank to issue $780m bonds in yuan

    SHANGHAI: The New Development Bank (NDB), set up by the Brics group of major emerging economies, said on Monday it plans to raise 5 billion yuan ($782 million) through a yuan-denominated bond issue this year...

    Leslie Maasdorp, the NDB’s chief financial officer, told reporters on the sidelines of the bank’s annual meeting in Shanghai that the issue would be part of a 10bn yuan bond programme approved by the NDB’s board...

  • Withholding tax slows down bank deposit growth: State Bank

    KARACHI: Withholding tax (WHT) on financial transactions is acting against the goal of achieving financial depth, a State Bank of Pakistan’s (SBP) report said on Friday, highlighting that for the first time since 2009-10 the monetary expansion came more from currency in circulation than the bank deposit growth...

    The campaign could not sustain despite the fact that the business community, particularly retailers and medium-sized...

  • Pakistan issues $1bn five-year sukuk bonds

    ISLAMABAD: Pakistan has issued $1 billion of five-year dollar-denominated sukuk bonds in order to offset pressure on its balance of payments and return foreign loans maturing this year...

    Finance Minister Ishaq Dar said during a press conference on Thursday that Pakistan received nearly $2...

  • Pakistan launches $500 million in Islamic bonds

    KARACHI: Pakistan is set to launch $500 million in Islamic bonds to raise money for its foreign exchange reserves, a senior official said Wednesday, as a three-year IMF bailout package nears a close...

    The government has started looking at key markets for the “Sukuk” bonds — a Sharia compliant instrument that offers profits instead of interest to its subscribers, a top official said...

  • UAE Crown Prince to visit Pakistan tomorrow 'to further strengthen bonds of friendship'

    Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan will arrive in Islamabad tomorrow (Thursday) for a day-long visit "to further strengthen the bonds of friendship between the two brotherly countries", according to a statement by the UAE Ambassador in Islamabad...

    The UAE crown prince had last visited Pakistan on January 6 in 2019, just weeks after his country offered $3 billion to support Pakistan's battered economy...

  • Rs4 trillion bonds may deal a blow to economy

    KARACHI: The high-yielding long-term Pakistan Investment Bonds (PIBs) could deal a blow to the economy as volume of bonds crossed Rs4 trillion on March 31, the State Bank reported on Friday...

    Since the installation of the Nawaz government in 2013, the long-term bonds were made a leading instrument to raise funds, but it could prove lethal to economy as size of debt servicing during the last two years increased rapidly...

  • 50 sea bathers released on personal bonds

    KARACHI: Over 50 picnickers were released on personal bonds by judicial magistrates on Tuesday in cases pertaining to violating the ban on swimming in the sea imposed by the city administration...

    The magistrates released them after taking personal bonds and directed them to appear before the courts concerned after the public holidays...

  • Investors rush for UK and German bonds

    But with the pound hitting its lowest point against the dollar in more than 30 years and stocks in British banks, airlines and property firms plunging, investors have sought out the perceived security of government bonds across Europe...

    Yields on French, Italian and Spanish 10-year-bonds also fell, although none was in such high demand as German debt...

  • 57 fourth schedulers yet to submit surety bonds

    RAWALPINDI: The Counter-Terrorism Department (CTD) has asked the Rawalpindi police to cooperate with its staff in obtaining surety bonds from 57 terror suspects placed on the fourth schedule of the Anti-Terrorism Act (ATA) 1997...

    Among those who have not submitted the surety bonds are three prominent religious scholars, one of whom has been absent from his residence...

  • Court seizes Musharraf’s Rs1m surety bonds

    In June 2013, the Islamabad High Court (IHC) had granted bail to the former military ruler in the judges’ detention case and directed him to submit two surety bonds worth Rs500,000 each...

    On Feb 2, 2017, the anti-terrorism court issued notices to the guarantors, notifying them of the confiscation of the bail bonds, but did not proceed further...

  • Govt sells Rs94bn bonds against auction target of Rs150bn

    KARACHI: The government on Wednesday raised less than the targeted amount through the auction of Pakistan Investment Bonds (PIBs), even though more than 280 per cent higher amounts were offered by the banks...

    The banks are short of cash and have been breathing with the help of State Bank’s weekly injection of more than Rs1 trillion...

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