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Ishaq Dar woos Investors in London for Sukuk

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Posted by on Wednesday, November 26, 2014, 11:55
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Ishaq Dar

Ishaq Dar

Finance Minister Ishaq Dar on Tuesday addressed meetings in London attended by leading investors, banks and financial institutions highlighting the Sukuk.

Earlier the Pakistan team led by Ishaq Dar arrived in London to cover the Europe side of its campaign for Islamic Bonds (Sukuk) after having concluded its visit to the Middle East where the minister addressed largely attended investors conferences in Dubai and Abu Dhabi.

According to a statement issued from Finance Ministry here, the minister shared with the participants, the key economic indicators, saying these manifested a turnaround in Pakistan’s economy.

All this, he said, was the result of consistent economic reforms agenda pursued by the present government.

Eulogizing the role played by the overeseas Pakistanis to offset negativities of two sit-ins, the minister said their remittances would also help the country achieve the 15 billion dollar forex reserve target by year end.

He welcomed the deep interest evinced by investors in the Sukuk bond.

He said seeing the turnout in conferences in the United Arab Emirates and now in London, he was positive the response for Sukuk far exceeded the interest evinced in Euro Bonds.

The investors conference regarding the US dollar denominated Sukuk transaction was also held in Singapore.

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