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ISLAMABAD : The bilateral commerce between Pakistan and the United Arab Emirates is anticipated to double from the $10.6 billion volume attained in 2021–2022, according to Faisal Niaz Tirmizi, Pakistan’s ambassador to the UAE. He said, “The potential is far bigger,” while speaking to an Emirates News Agency. The politicalContinue Reading

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Escorts Investment Bank has cancelled another sale-purchase deal with three prospective investors on behalf of its primary sponsor, Bahria Town (Private) Limited.According to the PSX notification, Escorts Investment Bank Limited has received a notice from Bahria Town (Private) Limited for the termination of the share sale and purchase agreement datedContinue Reading

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The government raised Rs. 376 billion through a fixed-rate Pakistan Investment Bonds (PIBs) auction on Thursday, compared to a target of Rs. 100 billion.According to central bank statistics, the cut-off rates for all maturities increased by 120-145 basis points (bps) during the paper auction.The three-year PIB cut-off yield increased byContinue Reading