In his rejoinder to misgiving regarding bonds’ issuance, he said the bonds were floated after going through the due legal process in a transparent way. Ministry of Finance, State of Pakistan and Law Ministry were involved in the whole matter and it was fully vetted by the legal adviser. Referring to a TV channel program, circulated through social media, Dar said three leading international banks had jointly managed the issuance process.
The Euro bands were floated in 2015 in order to get matured those bonds issued earlier in 2006. Virtually, it helped raising the foreign reserves to dollar 24 billion. The government of Pakistan that time utilized it for repayment of old loans and managing domestic commercial loans as well, he added. He further clarified that no Pakistani resident abroad was entitled to buy these bonds. The misgivings were created through the media in order to defame the country in the international market, he contended.
To dismiss the allegation, Ishaq Dar said he has also issued written statement.
Foreign Office (FO) spokesperson Mumtaz Zahra Baloch on Thursday dismissed speculations that US president-elect Donald…
Federal minister for Interior Mohsin Naqvi visited the Chinese Embassy in Islamabad following an incident…
US President Joe Biden delivered remarks to the nation on Thursday after a stinging election…
The federal government increased the salaries and allowance of superior judiciary judges, according to a…
Electricity prices likely to be reduced by up to Rs8 per unit for three months…
Security forces have killed five terrorists during a fire exchange in the South Waziristan district…
Leave a Comment