ISLAMABAD – The government is likely to issue Pakistani Diaspora Bondsfollowing the federal cabinet’s approval.
Reportedly, the government is in a position to issue the Pakistani DiasporaBonds within a month, aimed at raising funds from the overseas Pakistanisin order to meet the country’s financing requirements.
The cabinet approved the rules for the bonds last week.
However, the government has decided to delay the launch of $3 billion worthof Eurobonds and Sukuk bonds by at least six months.
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The reason for delaying the Eurobonds is due to the ongoing agreement withthe International Monetary Fund (IMF) for a bailout package.
Notably, the government had planned to raise $3 billion by floatingsovereign bonds during the fiscal year 2018-19 in the budget estimates.
