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Pakistan Short-lists Six Banks
for Forex Bond
Pakistan
Times
Business
& Commerce Desk
KARACHI: Finance Ministry
Advisor Dr Ashfaq Hasan Khan said Tuesday that six banks have been
short-listed to issue foreign exchange investment bond and a final decision
in this regard would be taken during the current month.
Dr Ashfaq Hasan Khan said that the consultation process to issue foreign
exchange bond continued for past some months and 13 banks gave briefing
about their services for the issuance of bond.
Till 2004, Pakistan had issued three foreign exchange bond for 10 and 30
years worth Rs1.60 billion.
Ashfaq Hasan avoided telling any further details regarding bond.
The market sources said the bond might range from $800 million to one
billion dollars.●
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