ISLAMABAD: Pakistan has issued sukuk and euro bonds of 2.5 billion dollars.
Prime Minister (PM) Shahid Khaqan Abbasi had accorded approved for issuance of these bonds.
According to ministry of Finance Pakistan held road show in Dubai, London and US for auction of bonds. Special advisor to PM Maftah Ismail, finance secretary Shahid Mehmood and governor state bank of Pakistan Tariq Bajwa attended the road show.
The foreigners purchased sukuk bonds worth one billion dollars within a few hours. The bonds have been issued for five years at the rate of 5.625 percent.
On the other side Euro bonds worth 1.5 billion dollars have been issued for 10 years at the rate of 6.875 percent.
Finance ministry said offers of 8 billion dollars were received for Euro and Sukuk bonds. No Pakistani can make investment in Euro and sukuk bonds. The profit to be accrued from these bonds can not be shared with any Pakistani.
Forex Association president Malik Bostan has said the road show on launching foreign bonds has remained successful which is likely to generate 2 billion dollars.