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null Government of Pakistan to launch Sukuk


Government of Pakistan to launch Sukuk

25 Jan 2021 | Monday Source: The News Pakistan

The government has decided to place 750 acres of the F-9 Park Islamabad as a guarantee for launching the Islamic-denominated Ijara Sukuk bond at domestic and international markets to fetch $500 million to $1 billion for building up reserves and providing budgetary support.

A summary to this effect will be placed before the federal cabinet scheduled to be held under the chairmanship of Prime Minister Imran Khan on January 26. It will be the first time under the PTI rule when the government is going to launch an international Sukuk bond. The PTI government used to oppose issuance of international bonds when it was on opposition benches.

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