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, Dawn newspaper reported on Monday.

As per the report, it also plans to diversify local debt instruments to inflation-based bonds, list govt papers on the stock exchange, and issue short-term Islamic and conventional floating rate products.

The Islamic Republic of Pakistan 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 the country to the brink of default.