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

By
M Ashraf Siddiqui
—
26/05/2017
in

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.

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