KARACHI: Pakistan has repaid its $500 million Eurobond on schedule, with the government saying the timely servicing reflects fiscal discipline, stronger reserves, improved ratings, and a more sustainable debt profile. The bond, meant to raise funds from global investors, was issued in 2015 with a 10-year tenor and matured on September 30 this year. Taking to the X platform, Adviser …
KARACHI: Pakistan Stock Exchange (PSX) achieved another milestone on Tuesday, crossing 166,000 points for the first time in history. The benchmark KSE-100 index surged to an intraday peak of 166,556.29, marking a gain of 2,708.61 points or 1.65 per cent, while its lowest level of the day was 164,208.33, up 360.65 points or 0.22pc from the previous day’s close. The …
ISLAMABAD: Consumer price inflation slowed to three per cent year-on-year in August from 4.1pc in July, data from the Pakistan Bureau of Statistics (PBS) showed on Monday, though economists warned that weeks of flooding in Punjab could put food prices under renewed pressure . According to the data, Consumer Price Index-based inflation during the same month of last year (August …
BY GLOBAL TIMESBEIJING: “Before coming here, I assumed Sanya was only about sunshine and beaches,” remarked Russian tourist Andrei. After spending a few days by the sea, his family headed to downtown Sanya, south China’s Hainan province, for some shopping. Inside a mall, a poster advertising duty-free shopping for offshore passengers caught his eye. “Offshore duty-free shopping applies mainly to …
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Saturday acknowledged that the country’s banking system was more complex than those of other countries, underscoring the need for a decisive transition toward blockchain technology and digital assets. Mr Aurangzeb expressed surprise at the absence of Bilal Bin Saqib, special assistant to the prime minister on blockchain and cryptocurrency, from the ‘Leadership Summit on …
ISLAMABAD: Pakistan and China on Thursday reaffirmed their unwavering commitment to the high-quality development of the upgraded China-Pakistan Economic Corridor (CPEC) during the 6th Strategic Dialogue between Deputy Prime Minister and Foreign Minister Ishaq Dar and Chinese Foreign Minister Wang Yi. Pakistan and China share a longstanding strategic partnership with ties ranging across different sectors — including trade, energy, defence …
BEIJING: By the shores of the East China Sea, azure waves surge and roll. When the morning sun gilds the century-old lighthouse, when twilight transforms the “blue tear” beaches into a starry river, and when songs and laughter blend over the offshore mussel farms—this vibrant scroll of island charm is a living testament to the flourishing holistic tourism in the …
BY GLOBAL TIMES Pingyang county in east China’s Zhejiang province, has reinvented itself as a pet-lover’s paradise. When 1990s-born local Zeng Yao invites fellow enthusiasts to his hometown, he offers a mix of business and leisure: “Spend a weekend dressing up your dog for our pet fashion show. Browse our pet supply superstore. Tour the pet food factory right next …
ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday said that the Pakistani and Iranian leadership were eager to raise bilateral trade volume between the two countries to $10 billion at the earliest, according to a joint statement. Pakistan and Iran share close ties and have signed multiple agreements across sectors such as energy and trade. The announcement was made as the …
ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday ordered the establishment of separate immigration counters at all international airports to facilitate foreign passengers and boost tourism and investment. A press release from the Prime Minister’s Office said the decision was taken to “promote tourism in the country, ensure continuity of business activities and facilitate foreign investment”. It added that the establishment …