Pakistan Eyes $1.5bn World Bank Guarantees for Financing

The Finance Division announced Pakistan's efforts to secure approximately $1.5 billion via World Bank Group guarantees, aiming for competitive financing. Finance Minister Muhammad Aurangzeb discussed leveraging World Bank resources, combining budget support with guarantees, and broadening investor participation during meetings. The government is also diversifying financing through Sukuk and Panda bonds, highlighting progress under the IMF program and $21.6 billion in foreign exchange reserves. This move could bolster Pakistan's economic stability and foreign exchange position, potentially supporting the PKR and influencing local gold prices.

بحوالہ / Source: www.brecorder.com