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Pakistan markets $750m bonds - Khalid Mustafa
ISLAMABAD: Pakistan on Thursday launched its Eurobond of $750 million for next 10 years in the international market at the interest rate of 6.875 per cent. The country received terrific subscription of the issue valuing $3.538 billion from the investors’ base in the global market, based on B+ rating of the country, but the government has decided to pick the offers up to $750 million. Prime Minister Shaukat Aziz told a press briefing that the investors base in the international markets posed unprecedented confidence in Pakistan’s ongoing economic reforms and its growing economy by subscribing the bond issue up to $3.538 billion. “The government has gone a long way to build Pakistan’s brand which is being given the warm welcome in the international market,” he said.
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I fully support this progressive government and Musharraf’s vision!
We are among the best performing economies of the world. We don’t need the corrupt politicians to return. They collect their money and live peacefully in UK or Dubai leaving Pakistan staggering and at the mercy of Army.
It is the Duty of the Armed Forces of Pakistan to SAVE and DEFEND Pakistan from any aggression; Internal (corrupt politicians & judiciary) and External (India)… we should stand behind our Armed Forces…. because they’ll never let us down !!!