Finance Minister Ishaq Dar assured investors on Monday that there was no chance Pakistan would default, insisting that the country had a “beautiful future and a resilient economy”.
He made the remarks while addressing a ceremony to mark the first listing of the developmental Real Estate Investment Trust (REIT) on the Pakistan Stock Exchange (PSX).
REITs are investment schemes that collect money from investors and deploy it in real estate projects. They must list on the stock exchange within three years of inception — a feature designed to let small investors take exposure to an otherwise capital-intensive and illiquid real estate market.
“We hear every day that Pakistan will default. How will it default? There is no chance,” the finance minister asserted.
Finance Minister Ishaq Dar assured investors on Monday that there was no chance Pakistan would default, insisting that the country had a “beautiful future and a resilient economy”.
He made the remarks while addressing a ceremony to mark the first listing of the developmental Real Estate Investment Trust (REIT) on the Pakistan Stock Exchange (PSX).
REITs are investment schemes that collect money from investors and deploy it in real estate projects. They must list on the stock exchange within three years of inception — a feature designed to let small investors take exposure to an otherwise capital-intensive and illiquid real estate market.
“We hear every day that Pakistan will default. How will it default? There is no chance,” the finance minister asserted.
