Slow progress on capital markets

Headline: Slow progress on capital marketsSource: EuromoneyDate: September 2001         Shaukat Aziz When the army seized power almost two years ago, Pakistan’s financial situation was so dire it was unable to access even the short-term to medium-term commercial bank market. In the past four months or so, according to finance minister Shaukat […]

Headline: Slow progress on capital markets
Source: Euromoney
Date: September 2001

       
Shaukat Aziz
When the army seized power almost two years ago, Pakistan’s financial situation was so dire it was unable to access even the short-term to medium-term commercial bank market.

In the past four months or so, according to finance minister Shaukat Aziz, investor sentiment has improved and Pakistan has started to tap these markets. “Banks are looking at Pakistan and offering us facilities, which is a change from two years ago,” he says.





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