Pakistan News

    What Are Pakistan Investment Bonds

  • 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

    “Markets are in unknown terrain, creating exaggerated reactions,” analysts at BNP Paribas wrote as UK 10-year bond yields fell to 0...

    Leading Brexit campaigner Boris Johnson insisted that “the negative consequences are being wildly overdone” in a Monday column for the Telegraph newspaper...

  • 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...

    PIBs were the most attractive investment for banks and corporate sector and they were willing to invest Rs270 billion in this auction...

  • Prize bonds attracting tax-avoiding money

    KARACHI: The issue of withholding tax on banking transactions has taken a new turn as protesting traders have started investing in bonds...

    Higher demand for prize bonds has pushed up their prices and certain denominations are now in short supply...

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