Govt to mortgage Islamabad’s biggest park to get Rs500bn loan

ISLAMABAD: The federal government is considering mortgaging Islamabad’s biggest park in F-9 sector to secure a loan of around Rs500 billion. The proposal has been included in the agenda of the meeting of the federal cabinet scheduled to be held

Govt discontinues Rs25,000 prize bonds

ISLAMABAD: The federal government has discontinued Rs25,000 prize bonds from circulation, according to a notification issued by the Finance Division. The State Bank of Pakistan has issued a circular regarding conversion the redemption and encashment of Rs. 25,000 denomination National

ADB issues first Pakistani rupee-linked bonds

ISLAMABAD: The Asian Development Bank (ADB) has raised Rs1.83 billion Pakistani rupees ($11.4 million) in the first issue of local currency karakoram bonds by a multilateral development bank of which Pakistan is a member. The karakoram bond is an offshore