WASHINGTON DC: OCT 26 (DNA):In his meeting with Dr. Adnan Chilwan, Group CEO of Dubai Islamic Bank, Finance Minister thanked the Bank for its timely support in bridging the financing gap and appreciated its plans to expand operations in Pakistan.
The Finance Minister informed that Pakistan’s credit rating had recently been upgraded by Fitch and Moody’s.
He indicated the government’s intention to tap into International Capital Markets (ICM) through an inaugural Panda Bond to diversify the financing base.
Various lending options offered by Dubai Islamic Bank to the Government of Pakistan were discussed, with both sides expressing intent to collaborate further.
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