News Pakistan Interest: Pakistan raises $1 bn through Islamic bond at record interest to keep forex reserves afloat
Published on: Monday 24 January 2022
News source: https://economictimes.indiatimes.com/news/international/business/pakistan-raises-1-bn-through-islamic-bond-at-record-interest-to-keep-forex-reserves-afloat/articleshow/89116359.cms
Pakistan has raised a whopping USD 1 billion loan through the Sukuk bond at a record 7.95 per cent interest rate, the highest cost that the cash-strapped country has agreed to pay in its history on an ...
