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Pakistan: MoF to generate Rs15bln through Sukuk issue

Posted on 08 March 2012

The Ministry of Finance has decided to generate Rs 15 billion through issuance of long-term Sukuk for Islamic banks to settle power sector circular debt.
Sources in the ministry told Business Recorder that in order to resolve the serious issue of power sector circular debt, the federal government has decided to generate new funds from Islamic banking industry. The Islamic banking industry has huge liquidity due to limited opportunities of investment………………………………………..Full Article: Source

 
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