Pakistan to raise $1bn via international bonds in FY25

MG News | June 13, 2024 at 04:00 PM GMT+05:00

0:00

June 13, 2024 (MLN): Pakistan plans to raise up to $1 billion through international bonds in the 2025/26 fiscal year, Finance Minister Muhammad Aurangzeb told Reuters, adding that up to $300 million will be raised through Chinese markets.

"The first bond market we will access is the Chinese panda bond market, and our inaugural bond will raise the yuan equivalent of $250-300 equivalent," said Aurangzeb.

He said once Pakistan's investment ratings improve, the ministry plans to tap European and other markets.

On Wednesday, the finance minister presented the budget for the upcoming fiscal year through June 2025.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,864.53 309.70M	0.77% 1289.83
ALLSHR	102,725.13 871.92M	0.54% 553.85
KSE30	51,670.42 144.06M	0.97% 495.07
KMI30	244,230.82 127.19M	0.88% 2126.86
KMIALLSHR	67,141.83 400.81M	0.66% 438.06
BKTi	45,511.25 34.21M	0.74% 335.27
OGTi	33,787.05 15.45M	0.86% 288.90

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	92,530.00	93,070.00 91,800.00	520.00 0.57%
BRENT CRUDE	61.05	61.86 61.00	-0.23 -0.38%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	1.00 1.11%
ROTTERDAM COAL MONTHLY	97.30	97.30 97.30	0.90 0.93%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	57.43	58.19 57.36	-0.17 -0.30%
SUGAR #11 WORLD	15.15	15.27 14.83	0.30 2.02%