The government raised Rs835 billion through the treasury bills (T-bills) auction on Wednesday, surpassing its target of Rs700 billion. The auction witnessed strong demand, particularly for 12-month tenor bills, as market participants anticipated an upcoming interest rate cut. Despite the market’s anticipation of a rate cut, the cut-off yields for T-bills remained unchanged at 17.47% … Read more
The Pakistan Telecommunication Authority (PTA) has received five proposals from international consultants to manage the upcoming 5G spectrum auction, which is expected to be completed within the ongoing fiscal year. The telecom regulator announced that it had received technical and financial bids from five international consultants: Aetha Consulting Limited, Detecon Consulting FZ-LLC, Frontier Economics Limited, … Read more
The federal government has planned to auction 20 offshore blocks for oil and gas exploration in a bid to address the country’s growing energy needs, Petroleum Minister Musadik Malik informed the National Assembly’s Standing Committee on Energy. During the committee’s meeting, chaired by Syed Mustafa Mehmood, Malik also announced that the government was intensifying onshore … Read more
The government raised Rs397 billion through a recent auction of Treasury Bills (T-bills), exceeding the initial target of Rs150 billion. According to the data from the State Bank of Pakistan (SBP), the cut-off yields were reduced to 17.4902% for 3-month, 17.7449% for 6-month, and 16.9999% for 12-month T-bills. This decline in cut-off yields on market … Read more
The iconic hat worn by the titular character in “Indiana Jones and the Temple of Doom” fetched $630,000 at auction on Thursday alongside movie memorabilia from “Star Wars”, “Harry Potter” and “James Bond” productions. There were 37 bids for the iconic hat won by Harrison Ford, who played the intrepid archaeologist, Dr Henry Walton “Indiana” … Read more
Iconic fedora from “Indiana Jones” sells at auction – CBS News Watch CBS News A fedora worn by actor Harrison Ford in the 1984 film “Indiana Jones and the Temple” sold at auction this week for a staggering $630,000. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. … Read more
The Pakistan Stock Exchange (PSX) raised Rs119.68 billion in the 12th auction of Government of Pakistan Ijara Sukuk (GIS) on Thursday, surpassing the Ministry of Finance’s initial target of Rs100 billion. During the auction, the PSX received bids amounting to Rs444.51 billion, distributed among different GIS categories: Rs176.05 billion for GIS Fixed Rental Rate (FRD), … Read more
The production of the new King Charles III £10 note by the Bank of England is seen in this undated handout picture. — Reuters/File The first few banknotes from the Unted Kingdom’s new banknotes were recently sold off in a record auction of 11 times more than their face value. The new banknotes, with a … Read more
A selection of some of the earliest banknotes featuring King Charles III has fetched over £900,000 at auction. Spink & Son conducted four separate auctions, where early editions of King Charles £5, £10, £20, and £50 banknotes were put up for bidding, ultimately raising a total of £914,127. The banknotes, which had a face value … Read more
ISLAMABAD: The State Bank of Pakistan (SBP) conducted an auction on Wednesday, successfully selling Pakistan Investment Bond – Floating Rate (PIB-PFL) semiannual worth Rs327.7 billion for 5 and 10 years. The target was set at Rs360 billion, and the central bank received bids worth Rs396.82 billion for the semiannual floaters and Rs150 billion for the … Read more