If successful, this will be the first GDR issue from Pakistan since United Bank raised $653 million in June last year. At that time, Pakistan had a healthy pipeline of GDR issuance candidates, but the political unrest that took hold in the third quarter, and led to the assassination of former prime minister Benazir Bhutto in December, put all share sale plans on hold. Bankers are optimistic that the issuance will resume now that the country has got a new government in place, but a...
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