US$ I Billion Non-convertible Bond to Be Issued for Expatriates, Pakistan Announced Budget 2017-18

Islamabad
26 May 2017
(APP)

Finance minister Ishaq Dar Friday, lauding the contributions made by expatriate Pakistanis, announced that the government wanted them to invest in the national infrastructure and in that connection, US$ 1 billion non-convertible bond would be issued.

The proposed bond would be floated through establishment of Pakistan Development Fund, he said.

The minister informed the Capital Development Authority would also announce a separate sector to make expatriates’ investment secure in the real estate of the country.

May 26, 2017 / Economy

About the Author

M Ashraf Siddiqui

Editor and publisher Ashraf Siddiqui is a well known Qatar based journalist and a social worker. He has been in Arabian Gulf Peninsula over 4 decades and enjoys rich knowledge on Middle East affairs

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