Pakistan launched a three-tranche bond deal on Tuesday to raise $2.5 billion comprising tranches of five, 10, and 30 years for which it received over $5.3 billion in combined orders, a document showed, in its first international bond sale since late 2017.
"Just found out that Dr Hafeez Shaikh has tested positive for Covid-19. I pray for his swift recovery and good health," recently appointed Finance Minister Hammad Azhar tweeted.
“In exercise of the powers conferred by clause (3) of Article 92 of the Constitution of the Islamic Republic of Pakistan, the President, on the advice of the Prime Minister, has been pleased to approve the removal of Dr. Abdul Hafeez Shaikh as Federal Minister, with immediate effect,” read the notification.
Hammad Azhar said that effective and well-conceived industrial policies of the PTI government were now resulting into industrial revolution and robust economic growth.
While still modest, at around 3 percent, growth in FY21 is now projected to be higher than previously anticipated due to improved prospects for manufacturing and reflecting in part the monetary and fiscal stimulus provided during Covid, stated MPC.
According to provisional Quantum Index Numbers (QIM) of Large Scale Manufacturing Industries, the LSMI output increased by 5.36pc when compared to December 2020.
