ISLAMABAD, Dec 16: The assets of the government of Pakistan will be sold to Pakistan International Sukuk Company (PISC) which will issue Ijara Sukuk to the investors and lease these assets to the government of Pakistan.

The SBP, clarifying a news item published in Dawn on Wednesday, said that the government would pay the periodical rentals on these Sukuk and purchase the same assets on maturity.

The spokesman said the SBP had repaid last week $172 million as principal and interest on the Eurobond floated in late 1990s. He said the last instalment of the principal and the interest on these bonds amounting to $172 million would be paid in December 2005.

Original Story: Pakistan repays $172m interest on Eurobond