Pakistan receives International Financing Review Asia ‘Issuer of the Year’ Award 2014

Hong Kong, February 12, 2015 (PPI-OT): Pakistan receives IFR Asia ‘Issuer of the Year’ 2014 award for showing outstanding performance in finance with offerings in both the debt and the equity capital markets in year 2014. The International Financing Review (IFR), Thomson Reuters’ leading financial industry publication, held the IFR Asia Awards 2014 at a local hotel in Hong Kong, today. The top executives and policy makers from the finance and banking sectors attended the prestigious IFR award giving away ceremony.

Pakistan’s Consul General in Hong Kong Mr. Ghufran Memon received the prestigious award for Pakistan. The IFR Awards recognize corporate and individual success in the global financial industry. IFR is a weekly magazine covering developments in investment banking with detailed coverage of international bonds, leveraged finance, syndicated loans, equity capital markets and convertibles, emerging markets, and derivatives.

Citing, the giving away ‘Issuer of the Year’ award to Pakistan, the organizer stated that many Asian issuers raised funds with ease in 2014, but only Pakistan capped a remarkable turnaround with offerings in both the debt and equity capital markets. “For putting itself firmly back on the global markets map, the Islamic Republic of Pakistan is IFR Asia’s Issuer of the Year”, states the organizer for awarding Pakistan.

The IFR further stated that Pakistan embarked on ambitious capital-raising plans in 2014, presenting investors throughout the international markets with an optimistic turnaround growth story. This allowed Pakistan’s new government to do two things the country of 180 million had not been able to do in about seven years: price a US dollar bond and sell shares in the capital markets.

The others who were given awards included Citigroup, ANZ, HSBC, Hutchison Whampoa, Standard Chartered, Goldman Sachs, Alibaba Group, Credit Suisse located in various countries of Asia. Pakistan is the only independent country that received the prestigious IFR Asia award.

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