MoF Plans Rupee-Dollar Bond, Eurobond Tokenisation to Boost Economy

Finance Minister Muhammad Aurangzeb revealed the Ministry of Finance is developing a rupee-denominated, dollar-settled bond and exploring tokenising existing Eurobond debt to diversify borrowing and deepen capital markets. He emphasized the need to boost stagnant goods exports and target over 4% economic growth this fiscal year, aiming to increase foreign exchange reserves to $21 billion. Pakistan has seen credit rating upgrades and returned to international capital markets, with recent transactions oversubscribed. These measures, if successful, could bolster the Pakistani Rupee and potentially reduce local gold's appeal as a hedge against currency depreciation.

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