Govt decides to float sukuk, Euro bonds worth 2 billion dollars.

KARACHI -- Government will float sukuk and Euro bonds worth 2 billion dollars to retire the debt. Government intends to float Sukuk and Euro bonds to allay the mounting pressure of the payments. Sources said letter of interest have started flowing in for floating bonds while two foreign groups have filed applications with government regarding financial advisor.

The period of one billion dollars bonds is expiring in 2019 while government has to make foreign payments over 10 billion dollars during the current...