Cash-strapped Pakistan explores external financing options after IMF deal ...Middle East

Business Standard - Economy
Cash-strapped Pakistan explores external financing options after IMF deal
source : Business Standard ( Middle East ) () 57
With the IMF now on board, the cash-strapped Pakistan government is now considering meeting most of its external financing needs in the medium term through 10-15 years of international bonds and concessional multilateral loans, according to a media report on Monday. It also plans to diversify local debt instruments to inflation-based bonds, list government papers on the stock exchange, and issue short-term Islamic and conventional floating rate products, the Dawn newspaper reported. The Pakistan government and the International Monetary Fund (IMF) last week reached a long-awaited staff-level agreement to inject USD 3 billion into the ailing economy after months-long negotiations that pushed

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