Finance Minister Muhammad Aurangzeb on Monday has said that the country is preparing to launch yuan-denominated bonds (panda bonds) this year to shore up its finances, a Bloomberg report confirmed. The country is planning to raise $200 million to $250m from Chinese investors over the next six to nine months, the finance minister told Bloomberg in an interview. Panda bonds are a type of debt
The Kremlin said on Monday that the latest round of US sanctions on the Russian energy sector risked destabilising global markets, and Moscow would do everything possible to minimise their impact. “It is clear that the United States will continue to try to undermine the positions of our companies in non-competitive ways, but we expect that we will be able to counteract this,” Kremlin spokesman
Oil prices climbed about 2 per cent to a four-month high on Monday on expectations that wider US sanctions on Russian oil would force buyers in India and China to seek other suppliers. Brent futures rose $1.40, or 1.8pc, to $81.16 a barrel by 11:18 a.m. EST (1618 GMT), while US West Texas Intermediate (WTI) crude rose $2.15, or 2.8pc, to $78.72. That put Brent on track for its highest close
Azerbaijan is set to establish a trade centre in Lahore to strengthen ties between the business communities of both countries and create new opportunities for mutual cooperation. This was announced by Azerbaijan’s Ambassador Khazar Farhadov during his speech at the Lahore Chamber of Commerce and Industry on Monday. “We are going to establish Azerbaijan Trade Centre in Lahore and Pakistan-Aze
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Monday signed a memorandum of understanding (MoU) to form Pakistan-Bangladesh Joint Business Council (PBJBC) to strengthen, facilitate and enable trade between the two countries. The delegation headed by FPCCI President Atif Ikram Sheikh als