PR No.51 Islamabad

Finance Minister Senator Mohammad Ishaq Dar held a meeting through video conference with Pakistan’s team comprising Finance Secretary and Governor State Bank of Pakistan who are in Washington DC at the end of road shows for Pakistan’s international sukuk 2016. Representatives of Joint Lead Managers were also present.

The team conducted these road shows in Dubai, London, Boston and New York and met with potential investors in these major financial centers. The road shows were completed in close coordination with the Joint Lead Managers comprising Standard Chartered Bank, Citibank, Deutsche Bank, Dubai Islamic Bank and Noor Bank.

Finance Secretary briefed the Finance Minister that investors showed unprecedented interest in Pakistan and its economy during the road shows. They were particularly appreciative of the remarkable turnaround in Pakistan’s economy as a result of comprehensive and far-reaching reforms undertaken by the government. They also applauded Pakistan’s completion of IMF’s Extended Fund Facility Program for the first time in its history and exhibited interest in the sukuk on offer.

After the completion of the book building process, the allocation and pricing of International Sukuk 2016 is expected to be completed later tonight.

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