Sovereign dollar bonds extend decline
LONDON: Pakistan’s sovereign dollar bonds extended a decline on Thursday, with Tradeweb data showing shorter-dated maturities falling as much as…
Mandatory cybersecurity audits for telecom, power sector
KARACHI: In a crucial move towards enhancing cybersecurity and protecting national data from potential theft, the Pakistan Telecommunication Authority (PTA)…
KE granted provisional license extension
ISLAMABAD: In a significant move, the National Electric Power Regulatory Authority (Nepra) has granted a six-month extension to K-Electric Limited…
IMF projections deepen currency downturn
KARACHI: The Pakistani currency faced a fourth consecutive working day of decline, falling by 0.26% or Rs0.76 to reach a…
Rs16.8b PM’s Laptop Scheme okayed
ISLAMABAD: The government on Wednesday approved Rs822 billion worth of mega projects, including the Prime Minister’s Laptop Scheme and a…
PTCL Group posts loss over debt repayment
ISLAMABAD: The Pakistan Telecommunication Company Limited (PTCL) Group posted record revenue of Rs90.9 billion for six months ended June 30,…
Rupee-dollar parity projected to remain volatile
ISLAMABAD: The International Monetary Fund’s latest assumptions suggest that the average exchange rate could be around Rs305 to a dollar…
US issues new 120-day national security waiver
WASHINGTON: The US on Tuesday moved to let Iraq pay Iran for electricity via non-Iraqi banks, a US official said,…
Investor confidence wanes in Pakistan’s economy
KARACHI: Pakistan’s economy is set to post moderate growth in the current fiscal year following an unimpressive performance in the…
Atlas Honda eyes $25m in exports
KARACHI: Atlas Honda Limited (ATLH), a leading motorcycle manufacturer in Pakistan, is optimistic about its export prospects and projects an…