KARACHI: Pakistan raised $3 billion on Thursday in its biggest two-part international bond sale on record, capping a run of three deals this year that has taken the country from a four-year absence in Eurobond markets to its largest-ever sovereign debt sale.
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Pakistan raises fuel prices as Iran-US escalation sends oil to six-week high
ISLAMABAD: Pakistan raised petrol and diesel prices for a second straight day on Wednesday, as a sharp escalation between the US and Iran near the Strait of Hormuz pushed global crude to its highest level in nearly six weeks and fed directly into pump prices under the country’s daily pricing system.
Imran Khan’s sister files new contempt claim, says officials ignoring Supreme Court order on family visits
ISLAMABAD: The sister of the imprisoned former prime minister asked the Supreme Court on Wednesday to hold Prime Minister Shehbaz Sharif and several senior officials in contempt, alleging they have ignored the court’s own orders guaranteeing her brother regular visits with family and phone calls with his sons.
Pakistan hails Hague ruling as vindication in water dispute with India
ISLAMABAD: The Foreign Office on Wednesday welcomed a ruling from the Permanent Court of Arbitration in The Hague that ordered India to uphold the Indus Waters Treaty and halt construction on a contested hydroelectric project in occupied Kashmir, calling the decision a vindication of Islamabad’s yearlong position in one of South Asia’s most volatile disputes.
Iran, US trade fire as war enters deadlier phase; Pakistan clings to fading hope for peace
ISLAMABAD: A missile strike that Iranian officials say tore through a wedding celebration in a small coastal town, killing four people and wounding dozens more, thrust the six-month-old war between the United States and Iran into a bloodier and more volatile phase this week, as retaliatory fire from Tehran reached military installations in four separate countries.
Weekend downpours threaten new flooding across Islamabad, Kashmir, and northern Pakistan
ISLAMABAD: The weather authorities warned on Wednesday that a fresh band of monsoon rain was moving into the country’s northern regions, threatening to compound flooding that has already turned Rawalpindi streets into standing ponds this week and raised water levels in a major seasonal stream running through the capital.
Sindh High Court rejects push for special probe team in Mir Raza Ali murder case
KARACHI: The Sindh High Court on Wednesday turned down a petition from the family of Mir Raza Ali asking judges to order the formation of a joint investigation team to probe the young businessman’s death, ruling that the decision to create such a body belongs to the provincial government, not the courts.
PIA to fly London daily as comeback from flight ban gathers pace
ISLAMABAD: Pakistan International Airlines Corp. will operate daily flights to London starting next month, the clearest sign yet that the state carrier’s new private owners are moving to reclaim ground lost during a five-year exile from European and British airspace.
OGDCL taps Baker Hughes to squeeze more oil from aging fields
ISLAMABAD: Pakistan’s largest state-owned energy explorer is turning to Baker Hughes to wring additional output from oil and gas fields that have been pumping for decades, part of a broader push by Islamabad to narrow its reliance on imported fuel.
ADB signals deeper Pakistan support as stabilization gains take hold
ISLAMABAD: Pakistan secured a fresh endorsement from the Asian Development Bank for its macroeconomic stabilization efforts, with the lender signaling readiness to expand financing for small businesses and export-oriented industries as the South Asian nation pivots toward growth.