Karachi: Federal Finance Minister Muhammad Aurangzeb has said that Pakistan will launch Eurobonds when our credit rating becomes B category.
Addressing the introduction ceremony of SECP’s Electronic Mortgage Register and media talk, Mohammad Aurangzeb said that Pakistan’s B category rating is expected in the next few months, Pakistan will launch Eurobonds when our credit rating is B category. will go
He said that we have had positive discussions with Fitch, Moody’s and S&P. We are in constant communication with Fitch, Moody’s and S&P. We will introduce Eurobonds in the next financial year.
The Federal Minister of Finance further said that we have to present our plans in a better way to the IMF to get climate financing of 1 billion dollars.
He said that climate financing discussions are ongoing with the World Bank and the Asian Development Bank. Climate financing has also been discussed with the vice president of the Asian Infrastructure Investment Bank.
He said that in June 2025, the government reserves of foreign exchange will reach 13 billion dollars, when the reserves are 13 billion dollars, then 3 months of imports will be protected.
Mohammad Aurangzeb said that the interest rate has been reduced to attract local investors and businessmen, the Karachi interbank market rate is currently at 13 percent, which will come down further.
He said that the government has to improve taxation and also reduce the cost of energy, the Ministry of Energy is active for reducing the power tariff.
The Federal Finance Minister said that the ongoing digitization will close the doors of corruption in the FBR.
He said that friendly countries are ready to invest in Pakistan on a large scale and international financial institutions have increased confidence in Pakistan, we have stabilized the economy after which regulators and banks have to play a role for the development of the economy.
The Federal Minister of Finance said that it will not be possible to talk only about technology, the capacity of the relevant manpower must also be increased.
