PID

PR No.244 Islamabad: March 27, 2016

Finance Minister, Senator Mohammad Ishaq Dar here Sunday directed Economic Affairs Division (EAD) to ensure timely payments for retiring the US$ 500 million Euro bond floated in 2006. The bond was issued during the Pervaiz Musharraf/Shaukat Aziz led regime and carried an interest rate of 7. 125%.

The bond it may be added is maturing and due for payment by 31st March 2016.

The Minister has asked the EAD to pass necessary instructions to the State Bank of Pakistan for making the payments on the due date.

The retiring of the Euro bond liability will also result in the reduction in the country’s external debt stock by US $ 500 million.

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GOVERNMENT OF PAKISTAN PRESS INFORMATION DEPARTMENT

GOVERNMENT OF PAKISTAN

PRESS INFORMATION DEPARTMENT

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MEDIA CARD

NAME OF PUBLICATION

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ADDRESS

TELEPHONE/FAX NO

NAME OF EDITOR

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MEDIA QUESTIONNAIRE

Name of Publication

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ADDRESS

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FAX NO

NAME OF EDITOR

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APPLICATION FOR ACCREDITION ON BEHALF OF PAKISTANI MEDIA

APPLICATION FOR ACCREDITATION ON BEHALF OF PAKISTANI MEDIA

To, The Principal Information Officer,

   Press Information Department,

   Government of Pakistan,

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Name of Newspaper/ News Agency/ TV Channel

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