Pakistan has appointed international bank consortiums for its GMTN and sukuk programs, establishing a framework to issue bonds in global markets when financing needs arise. This move, valid for three years, aims to diversify external financing and reflects improving macroeconomic conditions and strengthened investor confidence. Officials emphasize this is preparatory, not an immediate fundraising effort. This strategic step could bolster Pakistan's foreign exchange reserves and potentially stabilize the USD/PKR rate, indirectly influencing local gold prices.
بحوالہ / Source: www.brecorder.com