Global investors show great confidence in Pakistan’s economy, Hammad Azhar

Newly-appointed Finance Minister Hammad Azhar appreciated the interest shown by foreign investors in Pakistan’s economy.

Taking to Twitter on Wednesday, he wrote that Pakistan very successfully concluded its first-ever three-tranche capital market transaction yesterday with five, ten, and thirty-year Eurobonds at six percent, 7.375, and 8.875 percent.

He added that global investors have shown their great confidence in the country’s economy and future outlook.

Pakistan has very successfully concluded its first ever 3-tranche capital market transaction yesterday. With 5, 10 and 30 yr Eurobonds at 6%, 7.375% and 8.875%, leading global investors showed great confidence in our country’s economy and future outlook.

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— Hammad Azhar (@Hammad_Azhar) March 31, 2021

Notification regarding the appointment of Hammad Azhar as Finance Minister and removal of Dr. Abdul Hafeez Shaikh was issued on Tuesday.

As per the details, Prime Minister Imran Khan has appointed Tabish Gohar as Special Assistant to the Prime Minister on Power and Petroleum. Notification regarding the appointment has been issued by the Cabinet division.