• Wednesday, May 18, 2022

Business

Pakistan launches $500 million in Islamic bonds

Pakistan is looking at key markets including Britain and the US

By: Eastern Eye Staff

Pakistan is set to launch $500 million (£384m) in Islamic bonds to raise money for its foreign exchange reserves, a senior official said on Wednesday (September 28), as a three-year IMF bailout package nears a close. The government has started looking at key markets for the ‘Sukuk’ bonds – a sharia-compliant instrument that offers profits instead of interest to its subscribers, a top official said. “We have begun the roadshow in Dubai today and will go to London, Boston, and New York in the same leg,” Pakistan’s finance secretary Waqar Masood Khan told reporters. The announcement comes as a three-year,…

You do not have access to this content. You need to subscribe.

Eastern Eye

Related Stories

Eastern Eye

Videos

Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…