Pakistan Plans to Launch Islamic Bond

It was recently reported from Islamabad that the Finance Minister Ishaq Dar came out in the open and revealed that Pakistan is planning to launch an Islamic Bond which will be denominated in Dollars for all the Islamic banking institutions and different funds in the near future.

A meeting which was led by Xavier Rolet, who is the Chief Executive Officer of the London Stock Exchange, highlighted that the success of Pakistan’s Euro Bond which has been issued recently in the international market has been immense. In fact, he revealed that the investors are overwhelmed with the introduction of this bond and they have been subscribing 14 times more than the amount which was originally planned.

Ishaq Dar also revealed that Pakistan has launched this Euro band after a gap of 7 years in the international market. He is now satisfied with the fact that the recent Dollar Bond managed to receive bids totalling up to $7 billion. This means that there is a strong demand for Pakistan’s sovereign paper.

Dar summed up his conference by explaining the energy crises. He revealed that the government has already launched several projects and this problem is going to be over very soon. 

Short URL: https://www.newspakistan.pk/?p=43758

Posted by Ahmad Mehdi on May 8 2014. Filed under Business, Latest News, Pakistan. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.