SBC delegation also expressed enthusiasm to participate in the financing of the Neelum Jhelum project. DESIGN: CREATIVE COMMON
Chief Executive Officers (CEOs) of Citibank and Standard Chartered Bank have expressed their willingness to finance power projects in Pakistan. This was conveyed to Finance Minister Ishaq Dar during separate meetings in Dubai.
Citibank CEO Atiqur Rehman and Standard Chartered Bank CEO Christos Papadopoulos observed that there was a visible shift in the attitudes of Middle Eastern Banks, which were taking keen interest in Pakistan after the successful launch of the Eurobond.
According to the CEOs, Pakistan can fetch lucrative prices on financing transactions and they showed interest in participating in the Islamic structuring of the financial sector of the country.
There can be multiple transactions which can take place over a period, they added. SBC delegation also expressed enthusiasm to participate in the financing of the Neelum Jhelum project and other infrastructure projects.
Published in The Express Tribune, May 10th, 2014.
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