Roadshows for Pakistan’s international sukuk 2016 receive positive response

PMIC to help alleviate poverty, ensure financial inclusion of poor segment of the society:Dar

ISLAMABAD, Oct 5 (APP): Finance Minister Senator Mohammad Ishaq Dar Wednesday held a video conference with Pakistan’s team comprising Finance Secretary, Dr Waqar Masood and Governor State Bank of Pakistan, Ashraf Mahmood Wathra who are in Washington DC at the end of roadshows for Pakistan’s international sukuk 2016.

The team conducted these roadshows in Dubai, London, Boston and New York and met with potential investors in these major financial centres, said a statement here.

The roadshows 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 roadshows.

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 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.