Pakistan, May 16 -- Pakistan is currently working on restructuring its debt management system in line with global standards, announced Finance Minister Muhammad Aurangzeb. The country is introducing innovative funding products for both domestic and international investors, as part of its efforts to reform its debt structure.

The launch of the country's first Sovereign Domestic Green Sukuk, valued at Rs30 billion, is a key component of Pakistan's domestic debt strategy aimed at financing environmentally sustainable projects.

The Pakistani government intends to emulate Malaysia's debt restructuring model, focusing on converting short-term loans into longer-term debt instruments to reduce the burden of high interest payments.

This move ai...