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Govt raises Rs498b via T-bills as yields rise

[ KARACHI: The State Bank of Pakistan (SBP) on Wednesday raised Rs498 billion in the Market Treasury Bills auction against the target of Rs500 billion, with cut-off yields rising across all tenors. The central bank accepted Rs52 billion in one-month paper at a cut-off yield of 11.47%, up 12 basis points from the previous auction, … Read more

Govt increases petrol by 27 paisas, HSD by Rs1.64 for Aug 21

A picture showing a petrol pump. — FILE PHOTO The federal government on Thursday increased the price of petrol and high-speed diesel (HSD) by 27 paisas and Rs1.64, respectively, for August 21. A notification from the Petroleum Division said the petrol price was now fixed at Rs337.78 while HSD would cost Rs364.70 per litre. The latest revision comes a … Read more

Mirza Fakhrul, Bangladesh’s new president

War veteran and veteran leftist politician becomes Bangladesh’s highest constitutional office holder Alamgir secured support of 255 lawmakers, while his opponent Ahmed received 88 votes.PHOTO: ANADOLU Days before Bangladesh’s disputed 2018 general election, Mirza Fakhrul Islam Alamgir appeared in a campaign video urging voters to go to polling stations despite fears of intimidation. The Bangladesh … Read more