ECC allows issuing Eurobonds worth $500m

ISLAMABAD-The Economic Coordination Committee (ECC) of the Cabinet on Thursday has approved to issue Eurobonds worth of $500 million to arrange to finance for much needed Diamer Basha and Mohmand Dams. Federal Minister for Finance and Revenue Dr Abdul Hafeez Sheikh chaired the meeting of the ECC. Ministry of […]

Rupee gains 23 paisas against US dollar

ISLAMABAD- The exchange rate of Pakistani rupee strengthened by 23 paisas against the US dollar in the interbank trading on Thursday and closed at Rs160.31 as compared to the previous day’s closing of Rs160.54. Meanwhile, according to Forex Association of Pakistan, the buying and selling […]

Oil prices up on Brexit deal, US relief pack hopes

Oil prices were up on Friday amid limited trading before Christmas, but the upcoming Brexit deal and hopes of President Donald Trump signing off on the US relief package also supported prices. During weak pre-Christmas trading, international benchmark Brent crude traded at $51.37 per barrel at 0648 GMT […]

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