{"id":66016,"date":"2020-05-31T10:00:00","date_gmt":"2020-05-31T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66016"},"modified":"2020-05-29T17:24:07","modified_gmt":"2020-05-29T12:24:07","slug":"govt-raise-usd-1-5bn-via-eurobonds-fy2020-21","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-raise-usd-1-5bn-via-eurobonds-fy2020-21.html","title":{"rendered":"Govt to raise USD 1.5bn via Eurobonds during FY2020-21"},"content":{"rendered":"\n<p>Islamabad: The federal government recently announced its decision to raise USD 1.5 billion via floating Eurobonds during (Fiscal Year) FY2020-21, a news source reported. This decision was prompted by the government\u2019s realisation that its prioritisation for hot foreign money over bonds during the previous financial year had ultimately proved to be &#8216;costly&#8217;.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/govt-to-abolish-wht-on-remittances-in-fy-2020-21.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt to abolish WHT on remittances in FY2020-21<\/a><\/p>\n\n\n\n<p>According to the details available, the floating of the Eurobonds would be part of the external inflows of FY2020-21. The government would use these to meet its external debt obligations, and establish foreign exchange reserves.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/punjab-lg-asked-to-share-budget-proposals-for-first-second-half-of-fy-2020-21.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab LG asked to share budget proposals for first &amp; second half of FY 2020-21<\/a><\/p>\n\n\n\n<p>On the other hand, both the State Bank of Pakistan (SBP) and Ministry of Finance have opined that floating Eurobonds in FY2020-21 would discourage foreign money inflows. Sources have revealed that the money raised via the sovereign bonds was payable either in five, seven, or ten years. They added that the plan for floating the Eurobonds had already been shared with Prime Minister (PM) Imran Khan before the Eid holidays.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government recently announced its decision to raise USD 1.5 billion via floating Eurobonds during (Fiscal Year) FY2020-21, a news source reported. This decision was prompted by the government\u2019s realisation that its prioritisation for hot foreign money over bonds during the previous financial year had ultimately proved to be &#8216;costly&#8217;. Read: Govt to abolish WHT on remittances in FY2020-21 According to the details available, the floating of the Eurobonds would be part of the external inflows of FY2020-21. The government would use these to meet its external debt obligations, and establish foreign exchange reserves. Read: Punjab LG asked to share budget proposals for first &amp; second half of FY 2020-21 On the other hand, both the State Bank of Pakistan (SBP) and Ministry of Finance have opined that floating Eurobonds in FY2020-21 would discourage foreign money inflows. Sources have revealed that the money raised via the sovereign bonds was payable either in five, seven, or ten years. They added that the plan for floating the Eurobonds had already been shared with Prime Minister (PM) Imran Khan before the Eid holidays.<\/p>\n","protected":false},"author":68,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[30402],"persona":[],"class_list":{"0":"post-66016","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-details-on-govt-to-raise-usd-1-5bn-via-eurobonds-during-fy2020-21","9":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt to raise USD 1.5bn via Eurobonds during FY2020-21 - Zameen News<\/title>\n<meta name=\"description\" content=\"Federal government recently announced its decision to raise USD 1.5 billion via floating Eurobonds during (Fiscal Year) FY2020-21, a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-raise-usd-1-5bn-via-eurobonds-fy2020-21.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to raise USD 1.5bn via Eurobonds during FY2020-21 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Federal government recently announced its decision to raise USD 1.5 billion via floating Eurobonds during (Fiscal Year) FY2020-21, a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-raise-usd-1-5bn-via-eurobonds-fy2020-21.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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