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HBL's asset management division, HBL Asset Management Limited (HBL AMC) was incorporated in 2006 and launched its first fund in 2007. [39] In 2016, HBL AMC acquired PICIC Asset Management for PKR 4.1 billion. [40] In 2020, HBL received approval from the State Bank of Pakistan to inject PKR 500 million in HBL AMC. [41]
The national debt of Pakistan (Urdu: قومی قرضہ جاتِ پاکستان), or simply Pakistani debt, is the total public debt, [1] or unpaid borrowed funds carried by the Government of Pakistan, which includes measurement as the face value of the currently outstanding treasury bills (T-bills) that have been issued by the federal government.
The debt-to-GDP ratio has climbed to 55 percent. 30 million energy savours will be provided in a bid to conserve electricity. Burden of 235 billion on the country's budget due to losses being incurred by state owned enterprises including Pakistan International Airlines (PIA), Pakistan Steel Mills and Pakistan Electric Power Company (PEPCO).
Negotiations on a new government in Pakistan have allayed immediate fears of instability in the nuclear-armed nation following inconclusive elections last week, but the risk of a full-scale ...
"We'll see how things go," Ishaq Dar told reporters, a day after releasing the budget for the 2023-24 financial year, referring to whether to restructure or reprofile debt as Pakistan continues to ...
The Pakistan federal budget of 2011–2012 was presented in the National Assembly with a total outlay of 3.767 trillion rupees for fiscal year 2011–12. The budget was prepared in accordance with the budgeting and accounting classification system approved by the Government of Pakistan as an integral part of the new accounting model.
The funds are the final tranche of a $3 billion last-gasp rescue package Pakistan had secured last summer, which averted a sovereign debt default. "The IMF team has reached a staff-level agreement ...
The State Bank of Pakistan gained autonomy, and United Bank Limited, which had collapsed, was recapitalized under central bank management. [1] In 1997, Pakistan initiated banking reforms to address long-standing issues within major state-owned banks, such as the National Bank of Pakistan (NBP), Habib Bank Limited (HBL), and United Bank Limited ...