A delegation of Citi Bank met Finance Minister Ishaq Dar on Saturday. PHOTO: AFP/FILE
A delegation of Citibank met Finance Minister Ishaq Dar on Satuday, to offer Citibank’s expertise and services to the government of Pakistan for floating bonds and raising capital from international market.
According to the delegation, Pakistan’s election results were well received by credit markets which can be gauged from the fact that the borrowing yields or its Eurobonds fell by 2% immediately after the assumption of new government.
While talking to the delegation, Dar said that the initiatives taken by government which include budgetary measures, programme with International Monetary Fund and settling circular debt have received good response, adding that various international banks and financial institutions have approached government of Pakistan to extend their support in the efforts of the new government to revive the economy and repair the structural imbalances.
Published in The Express Tribune, July 28th, 2013.
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