A view shows the logo of the Organization of the Petroleum Exporting Countries outside its headquarters in Vienna, Austria, May 28, 2024.— Reuters Gulf states struggle to ship exports via Hormuz.UAE exit represents a big win for the US.UAE criticises Arab states for not doing…
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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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Nepra reduces power tariffs for consumers nationwide under FCA
A representational image of a transmission tower, also known as an electricity pylon. — AFP/FileReduction applies to January bills due to November FCA.Lifeline consumers excluded from tariff relief: notification.Discos’ 2026 financial needs estimated at Rs3,379bn.
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Pakistan secures $3bn through its ‘largest-ever’ Eurobond transaction
A money changer counts US dollar banknotes at a currency exchange office in Ankara, Turkey November 11, 2021. — ReutersNearly $6bn orders received for $3bn bond issuance.10-year tranche attracts strong demand at 7.9%.Ministry says demand signals renewed investor confidence.