Pak Sukuk sold for $1 billion in world market Pakistan has - TopicsExpress

Pak Sukuk sold for $1 billion in world market Pakistan has successfully launched the US dollar dominated international Sukuk after nine years that received a very high investors interest who made subscription of $2.3 billion, which was nearly five times of the target amount. The government has picked $1 billion for five years at the interest rate of 6.75 percent. This will not only jack up Pakistans foreign exchange reserves up to $14.2 billion, but will also retire the domestic debt of Rs102 billion, thereby meaning that the Sukuk Bond amount will save the government about Rs5 billion annually in debt servicing. thenews.pk/Todays-News-13-34365-Pak-Sukuk-sold-for-$1-billion-in-world-market

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