Sukuk bond

Pakistan raises $1bln, offers highest-ever rate for a sukuk of 7.95%

  • The issuance comes at a time when Pakistan’s gross foreign reserves have fallen to nearly $17 billion from $19 billion in the past two weeks 
  • An IMF review board is meeting on Jan. 29 to approve a $1 billion tranche of a $6 billion loan signed with Pakistan in 2019 
By Reuters ·