SBP bought $24b to build reserves

Governor says UAE shifted $2b rollover to monthly basis instead of annual; IMF informed According to the government’s assessment, a $100 per barrel price could increase Pakistan’s monthly oil import bill by $280 million to $300 million. This would have an additional impact of $1.2 billion for the remainder of this fiscal year. Photo: file … Read more

SBP raises Rs582b via T-bills; yields rise

[ High yields, oil prices cited as risks to rate cut expectations; gold down Rs10,000/tola State Bank of Pakistan. Photo: File KARACHI: The State Bank of Pakistan (SBP) on Wednesday raised Rs581.7 billion (face value) through the auction of Market Treasury Bills (T-bills), exceeding its target of Rs550 billion amid a modest uptick in short-term … Read more

Turkiye says NATO defences destroyed incoming missile from Iran

Trans-Atlantic defence bloc condemns Iran’s targeting of Turkiye and says it stands firmly with all allies Turkiye said ‌that NATO air defences destroyed a ballistic missile fired from Iran as it headed into Turkish airspace on Wednesday, marking the first time the alliance member has been drawn into the expanding Middle East conflict. It was … Read more

IHC disposes of contempt plea

Rationale behind giving 150% executive allowance is to make Pak Secretariat attractive for officers serving in provincial capitals, according to a senior finance ministry official. Photo: file ISLAMABAD: The Islamabad High Court (IHC) on Wednesday disposed of a case concerning the payment of judicial allowances to employees of special courts and tribunals, after being informed … Read more