Mortgaging of Islamabad park planned to get Rs500bn loan

[Patriot forever]

Well i had to reach him in his languge. Can u tell me what policies the govt is implementing? Any success?

We all know about twin deficits right. Now let me elaborate what this government has done.

We are posting both primary surplus (government internal spending vs its revenue not including the interest payment or previous loans) and current account surplus ( external spending vs external income not including the interest payment or loan repayment)

This has never been achieved before for such a sustained period of time. This shows you the degree of financial discipline and the competence of this government.

Kindly listen to state bank governor press conference instead of matric pass (when it comes to economy) so called journalists on Geo.

 

[Ahmet Pasha]

In the end it seems the govt will mortgage the whole country.

To İron Brother.
Don't they already hold the deed for one of our airports?

 

[Morpheus]

Look at @Bambi who doesn't know anything about Islamic finance.



Finance Ministry clarifies position on issuance of Sukuk

By APP

ISLAMABAD: The Finance Ministry on Sunday clarified that Sukuk were Shariah compliant borrowing instruments backed by physical assets, and were structured so as to pay returns on investment as rent instead of interest by utilising an underlying asset.

“Sukuk are not only issued to support the government’s budgetary position, but also to promote Islamic banking finance in the country, which is a constitutional obligation,” the ministry said in a statement.
It said that the government of Pakistan has issued Sukuk several times, which were backed by assets such as motorways M1, M2, and M3 and also the Jinnah International Airport.

Other federal government assets such as the Islamabad Expressway, Allama Iqbal International Airport and F-9 Park have been identified, in consultation with experts in Islamic finance, as good potential candidates for Sukuk structures.

The statement emphasised that the benefits of Sukuk include lower financing cost for the government, provision of Shariah-compliant investment avenues, fulfilment of the constitutional requirement of eradication of Riba, and promotion of the Islamic financial industry.

The statement said that the Sukuk market was growing rapidly around the world, adding that till the close of 2019, Sukuk worth $1,247 billion have been issued globally.

Malaysia is known to be as a global leader in Sukuk market, while other important issuers include Saudi Arabia, UAE, Qatar, Oman, Jordan, Turkey, Morrocco and Indonesia, the statement concluded.

Finance Ministry clarifies position on issuance of Sukuk

ISLAMABAD: The Finance Ministry on Sunday clarified that Sukuk were Shariah compliant borrowing instruments backed by physical assets, and were structured so as to pay returns on investment as rent in

profit.pakistantoday.com.pk

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@Foxtrot Alpha @waz can we control this monkey. The multi ID rat is back

 

[Bambi]

@waz this guy called me a "" for sharing a link from dawn is personal racial insults like this allowed?

 

[ejaz007]

Is F-9 park worth Rs. 500 Billion?

 

[Kabira]

Is F-9 park worth Rs. 500 Billion?

Its worth more then that, Rs1 trillion at least.