November 26, 2019 / 11:13 AM / 12 days ago

Pakistan raises 575 mln dirhams Islamic loan with Ajman Bank

DUBAI, Nov 26 (Reuters) - The government of Pakistan raised 575 million dirhams ($156.56 million) through a syndicated financing arranged by Ajman Bank, an Islamic lender based in the United Arab Emirates.

The one-year Islamic loan saw the participation of a number of regional and international banks, Ajman Bank said in a statement on Tuesday. ($1 = 3.6728 UAE dirham) (Reporting by Davide Barbuscia)

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