Pakistan is preparing to launch Green Panda Bond in Chinese capital market, as per statement of Federal Minister for Finance Muhammad Aurangzeb. As per initial reports total value of Bond to be launched is expected to be US$ 250 Million.
Highlighting an emerging markets perspective, the Minister for Finance said that obtaining debt for the country is not bad, provided it is used productively. For Pakistan, he added, borrowing should support export-generating investments instead of consumption to ensure positive economic growth.
In Pakistan, Inflation numbers have eased to single digit from high level of over 35% indicating that Pakistan’s economy is on growth trajectory resultantly SBP has reduced Policy rate from 22% to 10.5%.
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