PM Shehbaz underscores Pakistan’s potential for high-yield foreign investment
Makes history as first Pakistani premier to open London Stock Exchange session
Prime Minister Shehbaz Sharif highlighted Pakistan's potential for substantial foreign investment during his address at the London Stock Exchange headquarters in Paternoster Square. This marked the first time a Pakistani premier opened a trading session at the LSE. The prime minister inaugurated Pakistan's $3 billion dual-tranche sovereign Eurobond, emphasizing the government's focus on economic stabilization through macroeconomic improvements and structural reforms.
The bond issuance attracted nearly $6 billion in global investor interest, twice the amount raised, signifying Pakistan's biggest international bond transaction. The Prime Minister outlined plans to privatize entities like Pakistan International Airlines and First Women Bank, aiming to diversify funding sources and reduce refinancing risks.
He also recognized the challenges posed by geopolitical shifts, such as the Gulf crisis, which affected emerging economies. PM Shehbaz sought guidance from the LSE CEO on expanding Pakistan's engagement with international financial markets and invited the CEO to visit Pakistan. The prime minister's meetings with executives from Barclays, J.P.
Morgan, Citi, BlackRock, and Rothschild & Co further underscored international interest in Pakistan's economic reforms and investment climate.
Written by urgent.news from The Express Tribune - Pakistan's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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