Pakistan is set to enter the Chinese capital market for the first time with the issuance of a Panda bond, structured as a green bond, by the end of this month, reflecting the country’s commitment to sustainable and climate-resilient financing, Federal Minister for Finance Muhammad Aurangzeb said on the sidelines of the World Economic Forum (WEF) in Davos. “For the first time, we are going to do
The Directorate General of Trade Organizations (DGTO), Ministry of Commerce, warned on Thursday individuals and groups against the illegal use of protected trade body titles such as “Federation,” “Chamber,” and “Association.” The DGTO reminded the public that it was the sole regulatory authority mandated under the Trade Organizations Act, 2013 (TOA 2013) to license and regulate trade bodies in
Stocks maintained their upward momentum at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index crossing the 188,000 level during the opening minutes of trading on Tuesday. At 9:40am, the benchmark index was hovering at 188,545.00, an increase of 783.31 points or 0.42%. Buying interest was observed in key sectors, including automobile assemblers, commercial banks, fertiliser,
Global stocks dropped and the dollar eased against the safe-haven yen and Swiss franc on Monday after US President Donald Trump threatened additional tariffs on goods imported from European nations that oppose his planned takeover of Greenland. Gold and silver prices jumped to new record peaks, while oil dipped on concerns about what a possible trade war between the US and Europe could mean for
Governor of the State Bank of Pakistan (SBP), Jameel Ahmad has warned that while digital innovation offers vast opportunities for the financial sector, it also brings significant risks, including cybersecurity threats, data breaches, and challenges to consumer protection. He said that to mitigate these risks, financial institutions must go beyond basic compliance and they must have robust data