Federal Minister Ishaq Dar on Tuesday vowed that Pakistan was up to issue an Islamic bond denominated in US dollars for Islamic banking institutions and funds.
Dar made these comments during a sitting with the out going Saudi envoy to Pakistan Dr Abdul Aziz Al-Ghadeer, who paid a farewell call on him at the ministry concerned.
Through prudent macro-economic management, Dar informed the ambassador, that austerity measures, resorting to external sources of funding and retiring domestic debt obligations, the government has been successful in putting the economy on the stable growth trajectory.
He said these measures had resulted in restoring the investor’s confidence in Pakistan economy which had also helped in over-subscription of Euro bonds. The finance minister also informed that Pakistan would issue an Islamic bond denominated in dollars for Islamic banking institutions and funds.
