The government is expected to issue four Request for Proposals (RFPs) in global markets for issuance of Panda bond and Dollar bond. This was informed during a meeting of the Debt Management Office of Ministry of Finance held with financial market participants at PSX to communicate their strategy and debt management plan through various new initiatives under pipeline. The Debt Management Office
The government confirmed on Wednesday that new banknotes are being developed as part of a broader modernisation efforts aimed at improving both security and design standards. In a briefing to the federal cabinet, chaired by Prime Minister Shehbaz Sharif, the Finance Ministry outlined plans to integrate advanced security features into the new currency. The officials informed the cabinet that the
Gold slipped on Thursday as investors booked profits after three consecutive sessions of record highs, while an apparent softer tone from US President Donald Trump on the Federal Reserve chair and Iran dampened safe-haven demand for bullion. Spot gold was down 0.8% at $4,584.03 per ounce, as of 0322 GMT. In the previous session, bullion hit a record high of $4,642.72. US gold futures for
Oil prices slid more than 2% in early Asian trade on Thursday after US President Donald Trump said killings in Iran’s crackdown on nationwide protests were stopping, tempering concern over military action against Iran and supply disruption. Brent futures were down $1.67, or 2.5%, at $64.85 a barrel at 0109 GMT, while US West Texas Intermediate crude slipped $1.54, or 2.5%, to $60.48 a barrel.
The Pakistani rupee strengthened against the US dollar, appreciating 0.07% during the opening minutes of trading in the inter-bank market on Thursday. At 10am, the local currency was hovering at 279.78, a gain of Re0.19 against the greenback. On Wednesday, the local unit closed at 279.97. Globally, the yen held onto overnight gains on Thursday but was pinned near 18-month lows as traders