Pakistan Raises Rs108.3 Billion Through Hybrid Sukuk Auction Against Rs175 Billion Target
Government of Pakistan raises Rs108.3 billion through Hybrid Sukuk auctions, including Rs60.435 billion from fixed rate Sukuk and Rs47.873 billion from a 10 year variable rental rate Sukuk.
Pakistan Raises Record $3 Billion Through Dual Tranche Eurobond Amid Strong Investor Demand
Pakistan raises a record $3 billion through a dual tranche Eurobond, attracting nearly $6 billion in orders across 5.5 year and 10 year maturities.
Naya Nazimabad Apartments REIT Book-Building Oversubscribed Eight Times With Rs4.5 Billion Bids
Naya Nazimabad Apartments REIT attracts approximately Rs4.5 billion in bids during book-building, with the issue oversubscribed eight times and reaching the Rs23 upper price ceiling.
Ghani Chemical Signs Agreement To Develop Gas Processing Facilities At Jandran Field
Ghani Chemical Industries has signed a binding agreement for a proposed gas processing project at Balochistan’s Jandran Field, subject to final agreements, financing and regulatory approvals.
Pakistan, ADB Strengthen Reform Cooperation With Focus on Private Sector Growth
Pakistan and ADB discussed structural reforms, SME financing, private-sector development, investment, exports, infrastructure and climate resilience to support sustainable economic growth.
Pakistan Begins Process for 5-Year and 10-Year Eurobond Issuance
Pakistan has initiated the process for a US dollar benchmarked dual-tranche Eurobond with five-year and 10-year maturities, following credit rating upgrades and improved investor confidence.
OGDC Signs Baker Hughes Deal To Increase Oil And Gas Output From Mature Fields
OGDC has signed an agreement with Baker Hughes to deploy mature asset technologies and improve oil and gas recovery from ageing fields across Pakistan.
Saudi Aramco And Sonatrach Increase September LPG Prices On Higher Global Demand
Saudi Aramco and Algeria’s Sonatrach have increased September LPG prices, with higher propane and butane costs reflecting stronger global market demand.
PACRA Signs MoU With China’s Lianhe Global To Expand Sustainable Finance Cooperation
Pakistan Credit Rating Agency Limited has signed a Memorandum of Understanding with China’s Lianhe Ratings Global to explore sustainable finance ratings, green instruments, research and potential Panda Bond rating services.
PSX KSE-100 Index Falls 721 Points Amid US Iran Tensions And Oil Supply Concerns
Pakistan Stock Exchange’s KSE-100 Index fell 720.83 points to 176,975.67 as concerns over Strait of Hormuz disruptions and higher oil prices weighed on investor sentiment.