In an attempt to borrow more from the global markets, the Federal Finance Ministry has proposed to float bonds worth one billion dollars in the international market, reported 24NewsHD TV channel.

The bonds will be issued in Pakistani currency in cooperation with International Finance Corporation (IFC).

The Economic Coordination Committee (ECC) of the cabinet will give approval to Pakistan-IFC bonds in Thursday’s meeting, which will be chaired by Advisor on Finance Dr Abdul Hafeez Shaikh.

The issuance of earlier bonds in Pakistani currency had been successful.