Newsroom

Pakistan’s electricity shortages eased after a sharp rise in hydropower generation, cutting outages in some areas from around six hours a day to less than three and giving the country’s strained grid a measure of temporary relief.

Pakistan is accelerating plans to return to international capital markets, with Finance Minister Muhammad Aurangzeb using meetings in Washington to outline a diversified borrowing strategy that includes Eurobonds, a Panda bond and liability management tools.

Britain has removed Gilgit-Baltistan from the restricted section of its Pakistan travel advice, easing a notable warning on the country’s mountainous north in a move which could positively affect tourism, insurance and international perceptions of the region.

Two Iranian IRGC gun boats opened fire without warning on a tanker 20 nautical miles northeast of Oman. The vessel and its crew were reported safe, while authorities investigate, according to the UK Maritime Trade Operations (UKMTO) Centre.

Pakistan has raised $500 million in a three-year Eurobond priced at 6.975 per cent, marking a notable return to international debt markets and offering a fresh sign that investor confidence in the country’s near-term economic outlook is beginning to recover.