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Pakistan may offer $1 bln of debt, resume state asset sales

Posted on 05 February 2010

From Bloomberg: Pakistan may offer as much as $1 billion of bonds and resume selling state assets in the coming months, Finance Minister Shaukat Tarin said, as the government forecasts a widening budget deficit amid rising war costs.

“We have made all the arrangements and we will conduct roadshows in the next couple of months,” Tarin said in an interview in Singapore yesterday. The government may sell about $500 million each of euro-denominated and Islamic bonds, totaling no more than $1 billion, he said…………………………………Full Article: Source

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