Pakistan issued $1 billion five-year Sukuk bonds on October 6, 2016 @ the rate of__________?
Correct answer: C. 5.5%
- A. 9.3%
- B. 7.5%
- C. 5.5%
- D. 4.75%
Explanation
Pakistan’s five-year international Sukuk issued in October 2016 carried a profit rate of 5.5 percent. The higher rates in the options do not match the reported yield of that bond issue.
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About Foreign Policy of Pakistan
Pakistan’s foreign policy covers its guiding principles, national interests, geographical position, security concerns and relations with neighbouring, Muslim and major world powers. It includes Pakistan’s roles in the United Nations, OIC, SAARC and regional alliances, as well as major issues involving India, Afghanistan, China, the United States and Kashmir.
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