Short tenure bonds ito be launched in Pakistan

Pakistan's National Savings Organisation will list new short tenure bonds of varying maturity to be launched soon.

This was revealed by NSO Director General Zafar M Sheikh.

Sheikh said the new bonds would come with additional lucrative feature of profit with an opportunity to win prize money.

He said the NSO intended to use the stock exchanges for the issuance of the bonds as well in addition to the existing network of National Savings Centers and the State Bank.

LSE MD/CEO Aftab Ahmed welcomed the decision, terming it an important development that would help generate funds. It would also help diversify products offered by the capital markets.

The recent launch of the Rs25,000 prize bond was a whopping success, fetching more than Rs20 billion in February alone.

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