Government to Float Sukuk Bonds to Support Budget Deficit
Federal Minister for Information Fawad Chaudhry revealed in Islamabad that the federal government has chosen to issue Sukuk Bonds to mortgage National Highways and three airports, according to news agencies.
The objective is to raise funds to support the budget deficit, reduce interest expense, and advance Islamic Banking (IB).
The federal cabinet has reportedly approved the government’s decision to mortgage various parts of highways and other national assets for large-scale borrowing through the issuing of Sukuk bonds. The following are the specifics of the national assets that will be pledged as collateral:
- Islamabad Expressway
- Islamabad-Peshawar Motorway
- Pindi Bhattian to Lahore highway segment
- Lahore International Airport
- Airport of Islamabad Airport of Multan
According to the sources, the interest rate on Sukuk bonds is lower, resulting in extra savings.
Historically, the government mortgaged F-9 Park and the Islamabad Club. However, due to protests from many sectors of society, the proposal was abandoned. Alternately, some sections of motorways and three major airports might be mortgaged.
For more information, please get in touch with Al Sadat Marketing.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005