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Washington: Finance Minister Muhammad Aurangzeb met with the delegation of The Currency Exchange Fund (TCX), led by its Chief Investment Officer and Deputy CEO, Othman Boukrami, in Washington D.C.
According to Radio Pakistan, the Finance Minister informed the delegation that Pakistan aims to extend the maturity profile of both its domestic and external debt portfolios to mitigate refinancing and interest rate risks. He elaborated on the country’s ongoing efforts to access International Capital Markets through the planned issuance of Panda Bonds, Eurobonds, and International Sukuk.
The Minister was briefed on TCX’s operations, which focus on providing financing solutions in local currencies rather than in U.S dollars. He expressed appreciation for TCX’s engagement in supporting Pakistan to develop mechanisms for local currency loan hedging.
Furthermore, the Finance Minister assured the TCX team of a detailed follow-up on the proposals submitted to the Ministry of Finance to enhance future cooperation.