A trader counts US dollar banknotes at a currency exchange booth in Peshawar, January 25, 2023. — ReutersStandard Chartered, Citibank feature across all three consortiums.MUFG Securities and Mashreq Bank join banking roster first time.PKR-denominated USD-settled bonds included for…
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Pakistan seeks $4-5bn joint investment to redevelop Roosevelt Hotel
A view of The Roosevelt Hotel in midtown Manhattan in New York City, US, on February 24, 2025.Adviser will make transaction structure for hotel redevelopment.PM’s aide says govt to retain ownership under proposed model.”Govt seeks long-term benefits rather than selling high-value asset”.<p…
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EU’s new Russia sanctions aim for more effective oil price cap
Russian President Vladimir Putin attends a meeting with President of the Russian Academy of Sciences Gennady Krasnikov, in Moscow, Russia, on July 15, 2025. — ReutersEU sanctions target Russian energy and financial sectorsEU tries to cap Russian oil at 15% below market priceConcerns…
IMF, Pakistan make progress toward staff-level deal
The International Monetary Fund logo is seen outside the headquarters building in Washington, U.S., September 4, 2018.— Reuters
Pakistan and the International Monetary Fund made significant progress toward a staff-level agreement on certain reviews, the fund said in a statement on…