IFC expresses interest in issuance of Pak rupees bonds
- By Zohaib Kazmi -
- Apr 11, 2014
ISLAMABAD: International Finance Corporation (IFC) has shown interest in the issuance of Pakistan’s currency bonds, ARY News reported.
IFC ‘s Executive Vice President Jin Yong Cai expressed keen interest in issuance of the Pakistani rupee bond and setting up a currency swap line.
Finance Minister Ishaq Dar called on Executive VP of IFC Jin Yong Cai in Washington on Friday.
Ishaq Dar, who is presently visiting United States to participate in IMF-World Bank Spring meetings, briefed Jin Yong Cai about the achievements of the government during the first eight months.
The Minister said that all the macroeconomic indicators are on positive track.
On the occasion, Cai said IFC is planning to set up a company in South Asia for infrastructure projects, which will specially benefit the energy sector of Pakistan.
Jin Yong Cai informed the Minister that IFC wanted to establish an international Pak rupees programmes, which will protect local businesses from exchange volatility.
Ishaq Dar requested IFC for help to initiate International Labour Organization’s better work, so that Pakistan can continue to outsource its Products in Disney.