The government plans to renew its Global Medium-Term Note (GMTN) and Sukuk TCI programmes for three years to raise funds from international markets. As per documents shared by the Finance Division’s debt management office, the government aims to tap multiple international instruments, including Eurobonds, international Sukuk and PKR-denominated international bonds settled in USD. “The timing of the issuance of instruments shall be dependent on prevailing market conditions as so advised by the selected transaction advisors,” read the document. [...]