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Fitch assigns Pakistan’s proposed dollar bond ‘B-‘ rating

KARACHI: Fitch Ratings has assigned a ‘B-‘ rating to Pakistan’s proposed U.S. dollar-denominated bond, with a Recovery Rating of ‘RR4,’ the ratings agency announced. Pakistan plans to use proceeds from the bond for general budgetary and sovereign financing purposes, according to Fitch. The bond rating is aligned with Pakistan’s Long-Term Foreign-Currency Issuer Default Rating, while ... Read more

The post Fitch assigns Pakistan’s proposed dollar bond ‘B-‘ rating appeared first on BOL News.

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APTMA praises FBR action against fabric import misdeclaration under EFS

APTMA said testing in several inspected consignments reportedly found the use of food coloring instead of proper dyeing.

The post APTMA praises FBR action against fabric import misdeclaration under EFS appeared first on BOL News.

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