PAKISTAN FINANCIAL & CURRENT AFFAIRS UPDATE: GOVT PLANS NEW RUPEE-DENOMINATED BOND Finance Minister Muhammad Aurangzeb has announced plans to issue a rupee-denominated, dollar-settled bond aimed at diversifying Pakistan's borrowing sources and reducing reliance on the domestic banking system. The announcement was made during an Asian Development Bank (ADB) dialogue in Islamabad. Key Economic Highlights for Competitive Exams: 1. Eurobond Issuance Success: Pakistan recently raised $3 billion via dual-tranche Eurobonds ($1.75B 5.5-year at 7.5% coupon rate and $1.25B 10-year at 7.9%), drawing nearly $6 billion in orders from global institutional investors. 2. Foreign Exchange Reserves: Reserves stood at $18.4 billion as of June 30, with a target of $21 billion by the end of the current fiscal year, securing over three months of import cover. 3. Debt Capital Market Reforms: To widen the investor base beyond commercial banks, the Ministry of Finance and State Bank of Pakistan are promoting retail participation through digital applications and exploring debt tokenisation following Hong Kong's financial model. 4. Economic Outlook: The government continues to track regional geopolitical developments, particularly US-Iran relations, to manage risks to growth and inflation targets. - this post is generated and posted by Civil Edge ai