Pakistan Infrastructure Bond: Yet another good news from economic front
*ISLAMABAD - Pakistan gets yet another good news from the economic front as the Asian Infrastructure Investment Bank (AIIB) has shown interest to invest $400 million in the Pakistan Infrastructure Bond.*
According to Ministry of Finance, the bank has substantiated its preparation to invest amount into a 10-year bond, which the government will propose soon in order to amplify funds for mega projects. This decision was informed to Pakistan by AIIB in the preceding month.
However, the projects which are mainly focused for funding by AIIB investment includes Dasu hydroelectric power project and prime minister’s housing scheme.
The sources also added that, the government has started the proceedings for issuing of bonds for placement with the AIIB at striking rates.
AIIB was created in 2016, and till date it has invested in only two Pakistani projects, and has rejected number of proposals for investment in the energy division. However, the bank has dedicated funds for Tarbela dam’s fifth extension and the M4 motorway.