IslamicFinance.de

Pakistan is considering to launch dollar-denominated bond and Sukuk bond to tap a favorable response from expatriates in order to tackle the looming economic crisis. Finance minister Asad Umar said the coming government will have to take tough decisions in the first six weeks after coming into power. Asad promised to grant independence to the Pakistan Bureau of Statistics in order to get reliable official data on various sectors of the economy. He pledged to take action on it in the first 100 days of government. The situation has touched such an alarming position as the current account deficit used to be in the range of $2 billion on per annum basis, which now peaked to $2 billion on monthly basis.