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Pakistan to sell Islamic bonds to tap local demand: Qureshi

Posted on 12 April 2010

From Dailytimes.com.pk: Pakistan plans to sell Islamic bonds, known as sukuk, in the local debt market in the next three months, said Asad Qureshi, executive director of financial markets and reserve management at the central bank.

“The idea is to expand the yield curve both ways” by issuing both short- and long-term sukuk, Qureshi said in an interview in Karachi yesterday. Pakistan may also sell notes that “mimic” conventional treasury bills, he said……………………………….Full Article: Source

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