Pakistan Receives Bids from Chinese Firms for First Panda Bonds Issuance
Pakistan has received five bids from Chinese firms to assist in its debut issuance of Panda bonds, according to a Bloomberg report. Panda bonds...
Cabinet Greenlights Privatization and Restructuring of 13 Entities in Power Sector
The federal cabinet has authorized the privatization of 13 entities under the Power Division, which includes nine power distribution companies and power generation companies...
Searle to Divest 90% Stake in Subsidiary to IJARA Capital
The Board of Directors of The Searle Company Limited (PSX: SEARL) has approved the sale of its 90.61 percent shareholding in its subsidiary, Searle...
PM Orders 10-Day Extension for Electricity Bill Payments
Prime Minister Shehbaz Sharif has announced a 10-day extension for electricity bill payments, as confirmed by the Power Division. The extension applies to bills...
Lahore: 44-Year Rainfall Record Broken with Torrential Downpour
Lahore experienced a record-breaking downpour on Thursday, with 350 millimetres of rain falling within three hours, surpassing a 44-year-old record. The torrential rain has...