Finance Minister thanked Dubai Islamic Bank for expanding operations in Pakistan

The Federal Minister for Finance, Muhammad Aurangzeb thanked the Group CEO of Dubai Islamic Bank for timely support in bridging the financing gap and appreciated its plans to expand operations in Pakistan.

According to the media reports, Finance Minister Muhammad Aurangzeb expressed his views while talking to Group CEO of Dubai Islamic Bank Dr. Adnan Chilwan in Washington. He informed that Pakistan’s credit rating had recently been upgraded by Fitch and Moody’s.

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Speaking on the occasion, the Finance Minister indicated the government’s intention to tap into International Capital Markets (ICM) through an inaugural Panda Bond to diversify the financing base.

During the meeting, various lending options offered by Bank to the Government of Pakistan were discussed. The two sides expressed their intent to collaborate further.