Pakistan Pays off $ 600 Million for Sukuk bonds

Tuesday, January 26, 2010 at 10:14 pm

Pakistan Pays off $ 600 Million for Sukuk bonds, Payment made by Government of Pakistan includes $ 500 million for real value of the bonds while $ 100 million was paid to compensate the Interest. Due to an increase in Foreign Exchange Reserve of the country, the payment was made easily.
After the payment a decrease in the Foreign Exchange Reserve was recorded.