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Saturday March 29, 2025

Euro bond

This refers to the news report, ‘Pakistan launching Eurobond to boost foreign currency reserves’ (September 24). Finance Minister Ishaq Dar is bent upon issuing Eurobonds, offering interest rate of six percent or more, as has been done in the recent past.In a climate of near zero interest rates all around

By our correspondents
September 28, 2015
This refers to the news report, ‘Pakistan launching Eurobond to boost foreign currency reserves’ (September 24). Finance Minister Ishaq Dar is bent upon issuing Eurobonds, offering interest rate of six percent or more, as has been done in the recent past.
In a climate of near zero interest rates all around the world, this offer is illogical and indefensible. Who should stop him? The federal cabinet headed by the PM or another suo motu by the judiciary? The point is that exploitation of our meagre resources should not be allowed at any cost.
Shahid Ehsan Khalid
Lahore