Hybrid Sukuk target raised to Rs200b

PSX revises auction size of 10-year variable rental rate Islamic papers, reschedules calendar KARACHI: The government has sharply increased the target size for its 10-year variable rental rate GoP hybrid sukuk to Rs200 billion from Rs50 billion, according to a Pakistan Stock Exchange (PSX) after advice from the Debt Management Office (DMO). The revision applies…

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Hamas-US Cairo talks end ‘without tangible progress’ on Gaza ceasefire’s 2nd phase

Source says Israel has not adhered to agreed withdrawal lines, including so-called ‘Yellow Line’ View of tents in Gaza. PHOTO: DR IRTAZA KHAN Talks between Hamas and the United States held in Cairo ended “without tangible progress” on advancing the second phase of the Gaza ceasefire agreement, two Palestinian sources said on Friday. The discussions,…

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Aurangzeb appreciates China’s IMF support, advances economic cooperation during Washington meetings

Both sides reaffirm commitment to strengthen economic cooperation and strategic partnership Finance Minister Muhammad Aurangzeb meets with Chinese Finance Minister Lan Fo’an in Washington DC. PHOTO: X Finance Minister Muhammad Aurangzeb on Friday expressed appreciation for China’s continued bilateral support at the International Monetary Fund (IMF), as well as the constructive role played by its…

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Poison? More artists flee Trump-linked anniversary concerts

US president had planned musical celebration of 250th anniversary of country’s independence WASHINGTON: President Donald Trump’s troubled bid for a star-studded musical celebration of the 250th anniversary of US independence took yet another hit Friday after three more acts pulled out citing political tensions. Trump’s administration had publicized multiple headliners for a “Freedom 250” concert…

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PM Shehbaz thanks Trump’s decision to pause ‘Project Freedom’ in Strait of Hormuz

PM says development came in response to requests from Pakistan, other countries, particularly Saudi Arabia Prime Minister Shehbaz Sharif. Photo: File Prime Minister Shehbaz Sharif on Wednesday expressed gratitude to US President Donald Trump after Trump announced a pause in “Project Freedom”, an operation to escort ships through the Strait of Hormuz, citing “great progress”…

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Britain must take a new path, says Starmer

Britain’s PM said crisis, which has already pushed up fuel prices in Britain, is expected to drive further inflation LONDON: Britain’s Prime Minister Keir Starmer on Thursday said the Iran war must become a turning point for Britain after two decades of crises, promising to strengthen the country’s economy and military to cope with a…

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Govt gives Rs360b in relief, Rs306b in new taxes

ISLAMABAD: The government on Friday announced a Rs17 trillion tax collection target for the new fiscal year, including over Rs1.7 trillion through the petroleum levy, but also gave relief of Rs360 billion to the salaried class, real estate and businesses aimed at kick-starting the economy. The salaried class received Rs52 billion tax relief, while Rs115…

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