Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

Govt to sell sukkuk energy bonds worth Rs.600 bln next year

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

December 12, 2018 (MLN): The government of Pakistan plans to sale Islamic or sukkuk energy bonds amounting to Rs.600 billion next year. The maturity of these bonds will be 10 years, clubbed with six months’ KIBOR plus one percent.

As per reliable sources, the first installment of these energy bonds amounting to Rs.100 billion will be sold in January 2019.

In pursuance of this issuance, the government aims to reduce the build-up of circular debt which has now crossed over Rs.1200 billion, and is one of the major reasons behind the inflating fiscal deficit.

Copyright Mettis Link News

Posted on: 2018-12-12T11:59:00+05:00

24755