Monday , December 11 2017

Business

PyCon Annual convention to be held in Pakistan on Dec 16

Islamabad: Pakistan is hosting the ‘PyCon’, annual convention for the first time on December 16 in Lahore. This convention will bring together Python programmers and technology enthusiasts from around the globe. The convention is being organised at FAST-NU in Lahore, and will feature Python related workshops and talks by international …

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Moody’s assigns B3 rating to Euro bond, sukuk on growth prospects

Islamabad: US credit rating agency Moody’s Investors Service on Wednesday assigned B3 rating to dollar-denominated senior unsecured notes and sukuk issued by the government last month to raise $2.5 billion, saying continued reforms would help tap robust growth potential. “Pakistan’s B3 issuer rating reflects a credit profile that balances robust …

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Pakistan’s digital landscape mirrors developed world

Karachi: Pakistan is one of the fastest growing economies in the world and its digital landscape is no different from other countries, a foreign communication specialist said on Tuesday. “The growth has been tremendous,” Elias Markopoulos, a regional director at a public relations consultancy firm Hill-Knowlton Strategies, said during a …

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Pakistan raises $2.5 billion through Sukuk, Eurobond

Islamabad: Pakistan has raised $1 billion in a five-year Sukuk and $1.5 billion in ten-year Eurobond transactions. According to the statement issued by the Finance Ministry, the profit rate for the Sukuk is 5.625 per cent and for the Eurobond is 6.875 per cent, respectively. The order book for Pakistan’s …

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Pakistan all set to generate $3b Euro, Sukuk bonds

Islamabad: Pakistan is all set to launch US dollar denominated Sukuk and Eurobond simultaneously at New York on Wednesday (today) in order to generate $3 billion for avoiding depletion of foreign currency reserves. Islamabad: Pakistan is all set to launch US dollar denominated Sukuk and Eurobond simultaneously at New York on …

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