Pakistan government to generate $1 billion from international market

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Pakistan government to generate $1 billion from international market

*ISLAMABAD: *Pakistan has decided to raise over $1 billion from the international market through the issuance of Sukuk bonds in the next couple of months.

The Ministry of Finance has initiated the Medium-Term Notes (MTN) programme covering both Eurobonds and Sukuk.

Through a notification, the ministry on Friday has invited interested financial institutions to submit their proposals individually to work as Finance Division’s financial advisers to register, structure, launch and execute the MTN Programme.

The federal cabinet had already allowed the ministry to launch the MTN programme.

Economy