*ISLAMABAD – PTI government has decided to launch overseas Pakistanisinvestment bonds in order to plug the balance of payment gap and shore upthe country’s dwindling foreign exchange reserves.*
*Federal Finance Minister Asad Umar is going to float the bond for overseasPakistanis.*
The finance minister believes this instrument will help overseas Pakistanismake decent profit while helping Pakistan’s economy. National Savings hasdone its homework and hopes to raise up to $1b from expats living in theGulf countries within the first year.
After tapping into the Gulf region, the bond will be floated to Pakistanisin Europe, America and rest of the world.