DUBAI: Pakistan plans to issue a US dollar-denominated Islamic bond worth at least $500 million this month and also hopes to obtain $1.1 billion from the International Monetary Fund soon, Finance Minister Ishaq Dar said on Saturday.

After a successful Eurobond issue in April, Pakistan said it planned an international sovereign sukuk issue, and in early September it revealed it had selected four banks — Citigroup, Deutsche Bank, Dubai Islamic Bank and Standard Chartered — as bookrunners.