Pakistan’s Euro & Sukook Bond Issue receives over-whelming response

According to officials at the banks and ministry of finance Pakistan's debt instruments issue has received an overwhelming response in Dubai and London Roadshows that started on Tuesday.

Pakistan currently seeks to raise 1 – 2.5 billion USD from Sukuk and Euro Bond issue in an effort to reduce the burden of rising Current Account deficit and reduce pressure on falling foreign exchange reserves.

According to the officials, the issues have received a very warm welcome from international investors as Foreign Financial Institutions have shown keen interest in buying Pakistani Sukuk and Euro bonds.

Foreign Financial Institutions have shown appreciation of the betterment of security situation in Pakistan and increasing opportunities for business in the country.

Due to the positive response, Pakistan can achieve is fixed target for the Bond Issue. Finance Secretary and members of State Bank of Pakistan spearheaded the campaign.