Pakistan will issue dollar-denominated sukuk soon: Ishaq Dar

[Hyde]

But as the Export has increased by 18% and will continue to be so.

It means if for 4 years our Export Increase by 18% each year than our Export by 2018 will be

43-44Billion dollars.Add to this the foriegn remittance with an average increase of 8-9% per year.

and you never know if our imports by that logic may exceed 60 billion dollars till then? It's a big challenge for us and will take time. We are a nation of 200 million people, our trade volume should have been above 1 trillion dollars with both exports and imports hovering above 500 billion dollars.

 

[Hyde]

I just figured out that our imports are 34 billion dollars and not 43 billion dollars... So worth mentioning here as I had quoted the wrong figure

 

[VCheng]

I just figured out that our imports are 34 billion dollars and not 43 billion dollars... So worth mentioning here as I had quoted the wrong figure

It is important to note that about one-third of the import bill is energy. Developing domestic resources would make a huge impact.

 

[Hyde]

It is important to note that about one-third of the import bill is energy. Developing domestic resources would make a huge impact.

Yeah i remember the dawn article claiming our import bill for petroleum products would rise above 18 billion dollars by the end of 2015. Imagine 50% of your imports are petroleum products only...

 

[VCheng]

Yeah i remember the dawn article claiming our import bill for petroleum products would rise above 18 billion dollars by the end of 2015. Imagine 50% of your imports are petroleum products only...

Expensive energy imports not only contribute to the imbalance, they also hamper economic productivity and international competitiveness, preventing us from producing value-added goods.

 

[farhan_9909]

and you never know if our imports by that logic may exceed 60 billion dollars till then? It's a big challenge for us and will take time. We are a nation of 200 million people, our trade volume should have been above 1 trillion dollars with both exports and imports hovering above 500 billion dollars.

And this will happen with the passage of time.We are now moving in a positive direction.I feel very sorry for the last 5 lost years

 

[Dubious]

Pakistan to launch Islamic Bond, says Ishaq Dar

LONDON/ISLAMABAD: Federal Finance Minister Senator Ishaq Dar on Saturday vowed Pakistan was issuing an Islamic Bond denominated in dollars for Islamic banking institutions and funds in near future.
In a meeting with a delegation led by Xavier Rolet Chief Executive Officer of the London Stock Exchange in London highlighting the success of Pakistan’s Euro Bond issued in the international market, he said the response of the international investors was overwhelming and the subscription was 14 times of the amount originally intended.
Dar mentioned with the launch of the Euro Bond Pakistan has returned to the international bond market after seven years absence. Pakistan’s recent dollar bond received bids totaling $7 billion, reflecting strong demand for Pakistan’s sovereign paper.
He informed the group after initiating home grown economic reforms with successful implementation, Pakistan’s standing in the international markets has improved considerably.
Over energy crisis he told the delegation the government was launching various energy projects and taking necessary steps to add around 10,000 megawatt generations to the national grid which would eliminate the energy shortfall in the next four years.
Elaborating further he maintained, the government has already managed to clear circular debt of Rs 500 billion within 45 days after in office.
World Bank has approved two concessionary loans to Pakistan after a period of five years and will provide $1 billion for energy and development reforms.
The government has secured the necessary financing for the construction of Dasu Hydropower Project. Financing of Diamer-Bhasha Dam was in progress and the government has already started acquisition of land from its own resources for this project.
He emphasised opportunities in the telecommunication sector and informed of recent auction of 3G and 4G licences which has fetched over $1.1 billion in a transparent manner.
To the privatisation agenda of the government, Dar informed the delegation financial advisers have already been appointed through due process for the dis-investment of shares of United Bank Limited, Oil and Gas Development Company Limited and Pakistan Petroleum Limited through London as well as Pakistan’s stock exchanges.
Xavier Rolet appreciated the positive steps taken by the government to put the economy back on track.
Rolet informed about institutional appetite of British companies towards Pakistan after phenomenal growth in its capital market. While praising the reform initiatives of the present government, he said Pakistan’s economic success story was gaining momentum and now needed to be told in a right way to the right people.
He mentioned the ongoing collaboration between the London and Karachi stock exchanges with praise-worthy results. London Stock Exchange is looking at ways to maximise partnership opportunities with Pakistan’s corporate sector.
He apprised the investors about country’s macro-economic indicators that have shown steady improvement as a result of stabilisation and structural reforms undertaken by the government.
Forex reserves have increased to $12 billion and will reach $15 billion by September 30, 2014. He informed the delegation the capital market in Pakistan grew by over 40 percent since the government has taken over. He said the country was open to business and offered attractive investment opportunities with high returns.

Pakistan to launch Islamic Bond, says Ishaq Dar

 

[Gul Rahim kkhan]

Nahi yaar alag subject nahi hai , Baas PDF phad lo 1 ghante bhout ho jata hai

Bhai those are not my words.... i have read it that most of the pakistanis don't pay bills and TAXES . Aab ye tho aaap apne TV walo se puche kidhar se laya ye data?

bhai ek advise hai Tv walon ki mat suna karo....!! adi se ziyda tv chanels to india and isreal se fund le kar pakistan k aginst bol rehe hote hain....