PM Shehbaz inaugurates $3bn Eurobond in London

Prime Minister Muhammad Shehbaz Sharif inaugurated Pakistan’s $3 billion dual-tranche sovereign Eurobond in London, becoming the first Pakistani head of state to officially open the London Stock Exchange (LSE) trading session. The ceremony, held at the LSE headquarters, showcased the country's potential to attract high-yield, safe, and mutually beneficial foreign investments. Prime Minister Shehbaz emphasized that the nation's macroeconomic indicators have strengthened, indicating a promising future.

The prime minister highlighted the hard work and significant structural changes achieved by Finance Minister Muhammad Aurangzeb and his team, as well as the digitisation of the economy and measures taken to restore the national economy. Earlier this month, Pakistan raised the $3 billion through a dual-tranche Eurobond sale, which received approximately $6 billion in orders.

During his address, Shehbaz mentioned the privatisation of Pakistan International Airlines and First Women Bank, stating that the government intends to sell off additional state enterprises, encouraging them to operate under the private sector. He highlighted that, without the ongoing Gulf crisis, Pakistan would have experienced even greater growth. The prime minister expressed hope that Pakistan would continue playing a pivotal role as a peacemaker by mediating between the United States and Iran.

The Prime Minister invited the CEO of London Stock Exchange, David Schwimmer, to offer guidance and advice on how to further engage international financial markets, not only through sovereign debt but also by attracting attractive investments. He invited Schwimmer to visit Pakistan.