Tag: Dollar Bonds

Dollar Bonds On Cards To Lure Overseas Pakistanis

Dollar Bonds On Cards To Lure Overseas Pakistanis

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Initiative seen to boost remittances to record $20 billion. Home remittances sent by overseas Pakistanis are projected to rise beyond the annual historic high of $20 billion by the time financial year 2017-18 closes on June 30. At the same time, Pakistanis across the globe will be delighted to see the government's launch of new, high-profit dollar bonds in and around mid-May, top-level official in the Ministry of Finance told Khaleej Times. Overseas Pakistanis seem to be responding positively to the recent devaluation of the rupee by 5 per cent, which adds up to 10 per cent when totalled with a similar 5 per cent devaluation in December 2017. Bankers, economists and MoF officials projected "the rise of remittances to $20 billion, and even beyond as overseas Pakistanis are traditional...