Govt & RBI have held talks with JPMorgan emerging markets bond index , but index managers need approval from investor committees. Announcement expected to take at least 2 quarters.
Bond yields globally are declining and bonds in India are less enthused given the lack of clarity on the govt’s spending plans and its foreign debt debut.
A news report claims the PMO is opposed to selling debt in foreign currencies, a day after a top finance ministry official overseeing the sale was transferred.
Finance Minister Nirmala Sitharaman announced the offshore bond sale plan in the annual budget, at a time when options to raise funds to boost infrastructure spending are shrinking.
Sharif was not part of forum in 2025, nor did WEF officially mention Pakistan's presence in 2025. Accompanying PM will be Finance Minister Muhammad Aurangzeb, Dy PM Ishaq Dar and PPP chief Bilawal.
Pakistan lacks capacity to deliver aircraft at pace suggested by its claimed contracts as it depends on China for avionics, electronic warfare, weapons, and on Russia for engines.
Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles.
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