ECC okays to issue Sukuk bonds

ECC okays to issue Sukuk bonds

Pakistan Financial News

ISLAMABAD: Economic Coordination Committee (ECC) of the cabinet has accorded approval to the
proposal of the Ministry of Finance for the issuance of Sukuk, 2016 (Pakistan financial news) .

Furthermore, the ECC which met here with Federal Minister for Finance Senator Mohammad Ishaq Dar in chair
was informed that as the international rating agencies have improved the ratings of Pakistan and the current
issue of the Sukuk is expected to bring in a better yield.

Moreover, Finance Division also requested the exemption of certain taxes and duties for making the sale of the Sukuk
a desirable transaction for the foreign investors, which was approved by the ECC.

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