Finance Minister meets Joint Lead Managers consisting of representatives from Citibank, Deutsche Bank, KASB Bank and Barclays

Islamabad, April 23, 2014 (PPI-OT): Finance Minister, Senator Ishaq Dar held a meeting with the Joint Lead Managers consisting of the representatives from Citibank, Deutsche Bank, KASB Bank and Barclays at the Finance Ministry today.

The Finance Minister expressed his satisfaction at the cooperation and facilitation provided by the Lead Managers for launching of Pakistan’s Euro Bond in the international capital market. He said that with the efforts and hard work of the Lead Managers, the Bond was heavily oversubscribed and core team members deserve appreciation for their efforts.

He informed that the success means a lot for the economy as we are continuing our reform efforts in order to bring the economy on path to growth. He added that the performance will enhance the confidence of the investors in economic policies of the government which will result in foreign direct investment in energy, communication and infrastructure sectors of Pakistan.

The Finance Minister also expressed the hope that the government will seriously consider issuance of Islamic bond soon. The Lead Managers said that it was a wonderful experience to work with Pakistan for the launch of Eurobond and they are looking forward to continue their cooperation in the international capital market for Pakistan’s papers.

The meeting was also attended by Dr. Waqar Masood, Finance Secretary, Rana Assad Amin, Advisor to Finance Ministry and representatives of Citibank, Deutsche Bank, KASB Bank and Barclays.

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