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‘Excess liquidity in international market good for Pakistan: Jamali

KARACHI: Quetta Women Chamber of Commerce & Industry Founder President and former vice president of FPCCI Fehmida Jamali on Saturday said sour relations between Pakistan and the US may not affect the issuance of bonds in the international market.

The government is planning to return to the international debt market for the fifth time and hopes to raise $1 billion through the issuance of Eurobond or sukuk bonds by offering lucrative returns. Jamali said that the decision has been taken to bridge the current account deficit, which may hit the mark of $16bn by the end of the year while the trade deficit from last year is already over $32bn dollars. She added that apart from the relations between Pakistan and the US, the political situation in the country, reports by IMF and other institutions and the review by credit rating agencies would play an important role in the sale of bonds in the international market.

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