Aurangzeb links Eurobond launch with rating upgrade

KARACHI: Pakistan plans to issue Eurobonds in the next fiscal year after securing an improved ratings from international agencies, announced Finance Minister Mohammad Aurangzeb on Tuesday.

Speaking at the launch of the Securities and Exchange Commission of Pakistan’s (SECP) Electronic Mortgage Register, the minister said the economy has stabilised, and regulators and banks must accelerate growth.

The minister said he is in contact with Fitch Ratings, Standard & Poor’s and Moody’s...