KARACHI: Pakistan has requested proposals from advisers to arrange its first dollar-settled, rupee-linked bonds, adding a new instrument to a slate of planned Eurobond and Sukuk sales as the government works to widen its pool of foreign investors and push out the maturity schedule of its external debt.
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Gunmen kill nine police officers in Balochistan province; security forces kill 15 militants in response
QUETTA: Nine police officers were killed, and nine more went missing overnight Monday when militants stormed a checkpost guarding a dam construction site in Pakistan’s restive Balochistan province, officials said, touching off an hours-long gun battle, a highway blockade by angry residents, and a security sweep that by Tuesday had located every missing officer alive.
Cargo jet carrying five vanishes over Arabian Sea on approach to Karachi
KARACHI: A cargo plane carrying five crew members disappeared over the Arabian Sea late on Tuesday as it neared the end of an overnight flight from the United Arab Emirates to Pakistan, setting off a sea-and-air search by the military that stretched into Wednesday morning without any confirmed sign of the aircraft or those aboard.
Public debt tops Rs82 trillion as domestic borrowing surges
KARACHI: Pakistan’s total public debt climbed to Rs81.949 trillion by the end of May, according to central bank data released on Monday, as the government leaned harder on domestic banks to plug a widening gap between tax revenue and spending.
With talks nowhere in sight, Kashmir protest crisis heads toward a deadline
MUZAFFARABAD: A month-long protest movement led by a banned rights alliance, the Joint Awami Action Committee, barreled toward a government deadline this week with no sign of a breakthrough, as the group and police continued to clash over the death toll from the weekend’s latest bout of violence and neither side showed any appetite for talks.
Deadly clash near Quetta follows villagers’ warnings about militant threat
QUETTA: Gunmen stormed a remote village in southwestern Pakistan on Sunday evening, touching off a firefight with security forces that left at least four militants dead and nine other people wounded, provincial officials said Monday, warning that the death toll could still rise with fighting underway and several villagers unaccounted for.
Pakistan blocks Ufone-Telenor rebrand to e& pending regulatory sign-off
ISLAMABAD: Pakistan’s telecommunications regulator has stopped the country’s newly combined Ufone-Telenor business from adopting the e& brand of its Abu Dhabi-based parent, adding a regulatory snag to a merger that created the nation’s second-largest mobile carrier by subscribers.
Pakistan misses IMF gas-tariff deadline as regulator chief digs in over losses – report
ISLAMABAD: Pakistan let a July 1 deadline to raise natural gas tariffs slip past, missing a commitment made to the International Monetary Fund just three months ago and adding a fresh complication to a $7 billion loan program already strained by more than 3.44 trillion rupees in unpaid gas-sector bills, Dawn newspaper reported on Tuesday.
Anti-graft body seizes tallest tower in escalating probe of property tycoon Malik Riaz
ISLAMABAD: Pakistan’s National Accountability Bureau took physical control of the Bahria Icon Tower, the country’s tallest building, on Monday, marking the most significant asset seizure yet in a widening money-laundering investigation targeting real estate developer Malik Riaz Hussain.
Pakistan emerges as quiet broker in effort to reunify Libya
ISLAMABAD: Pakistan has opened a quiet, previously unreported channel of mediation between Libya’s rival eastern and western power centers, according to two Pakistani officials familiar with the matter, a role that would mark a striking expansion of Islamabad’s diplomatic reach if it produces results, Reuters reported.