Washington, D.C.: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, conducted discussions with representatives from JP Morgan Chase on the sidelines of the World Bank-IMF Spring Meetings in Washington, D.C., indicating Pakistan’s plans to re-enter the international capital markets after a four-year hiatus.
According to Press Information Department, the Finance Minister provided insights into Pakistan’s Global Medium-Term Note (GMTN) programme, which aims to issue rupee-linked, dollar-denominated instruments in the near future. He also informed the representatives about the counter-indemnity agreements with the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB), which support Pakistan’s inaugural Panda Bond issuance.
During the meeting, the Finance Minister acknowledged the financial backing from the Kingdom of Saudi Arabia and assured the JP Morgan team that the financing proposals and market options discussed would undergo careful consideration.