The federal government has decided to raise funds by issuing dollar bonds next year for the first time in nearly five years, Bloomberg reported.
Advisor to the Finance Minister Khurram Schehzad informed the media about this. If successful, the country also intends to issue Yuan-denominated bonds this year to raise $250 million.
The return to global debt markets has put Pakistan at the top of investment options. The International Monetary Fund has also strengthened investor confidence and contributed to a 24 percent surge in the country’s dollar bonds this year, which is the highest performance in Asia.
Meanwhile, investor demand has also been bolstered by easing global financial conditions, including anticipated US Federal Reserve rate cuts, providing economies like Pakistan with renewed access to international markets.