Government to raise funds through sukuk bonds for PIA ...palestine

The government has decided to issue sukuk bonds to raise Rs20 billion for Pakistan International Airlines in order to meet the financial needs of the national flag carrier. jwplayer("jwp-outstream-unit").setup({}); According to a document, the term period of sukuk bonds will be 10 years and more sukuk bonds worth Rs5 billion will be issued if investors show further interest. The bonds will also be listed on the Pakistan Stock Exchange. Sukuk bonds are an Islamic financial certificate issued by the State Bank of Pakistan. Islamic financial institutions and other investing companies buy these bonds. The government uses the raised funds to fund deficit su

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Last updated : 16 July 2021 clock 03:30 PM

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Government to raise funds through sukuk bonds for PIA ...palestine

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