KARACHI: The United Business Group (UBG) has lauded the government for the successful auction of bonds worth 2.5 billion dollars without being under IMF programme.
The successful move speaks volumes about the increasing confidence of the foreign investors in the Pakistani economy, it said.
The decision of the government to allow IMF to monitor Pakistani economy is laudable as it will help boost the confidence of the investors, said Naseemur Rehman, a central leader of the UBG.
He said that issuance of bonds will help government but it will not resolve the financial difficulties of the government on the back of falling exports and increasing imports.
