Pakistan plans to raise $1.5bn in Eurobonds, officials say

-
Pakistan plans to raise $1.5 billion through Eurobonds to bridge a balance of payments gap for the financial year beginning July 1, said sources. With the country's fiscal deficit likely to rise as high as 9.4% and a shortfall in revenues due to Covid-19 crisis, Pak desperately needs funds to stave off balance of payment pressure caused by dwindling foreign reserves and a current account deficit.

from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/36DQPgI

Comments

Post a Comment

Popular posts from this blog

US CDC calls for more Covid jabs among pregnant women

-
Image
The CDC said its data showed only 31% of pregnant people have been vaccinated against Covid-19. Although more pregnant women are now vaccinated, the CDC said uptake of vaccines for pregnant women has been lower compared to the general population. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/3oj00hx
Read more

Smog shuts schools, universities in Iran

-
Image
The decision to shut schools and universities in the capital was announced late Friday by deputy governor Mohammad Taghizadeh, after a meeting of an emergency committee for air pollution. "Due to increased air pollution, kindergartens, preschools and schools, universities and higher education institutes of Tehran province will be closed," he said, quoted by state news agency IRNA. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/2Owq9a9
Read more