ISLAMABAD/LONDON  - Federal Minister for Finance Ishaq Dar has said that Pakistan was intending to issue Eurobonds worth of $500 million in the international market for the first time in seven years.

Talking to BBC, he said that he was now visiting UK, Middle East and United States for this purpose and by Monday, hopefully the government would announce to issue Eurobonds of $500 million at the initial stage.

He said Pakistan’ foreign policy was clear as it is not in favor of aid and the government was developing bilateral relations with all countries on the basis of trade, investment and sovereignty.

“We are working on agenda of four `Es’ that is economy, energy, education development and eliminating extremism”, he remarked.

The finance minister said “we will also start economic dialogue with US along with the strategic dialogue, which is very necessary”.

He made it clear that Coalition Support Fund (CSF) was not an aid but was in return to Pakistan’s services for war against terrorism.

Dr hoped that the CSF’s remaining dues ($1.6 billion) were expected to be cleared during his visit to the US.

Replying to a question regarding Preferential Trade agreement with US, he said “Trade is our priority and we always say trade but not aid”.

Dar said the international bond market had forgotten us and it was important to remind them that Pakistan is in the market. He said in the future Pakistan’s attention would be to attract investment and get market access.

On exemption by the US to Pak-Iran gas pipeline, Dar said as Finance Minister he is not satisfied with the project. He said Pakistan would like that the US and Iran should resolve the sanctions issue bilaterally.

He said Pakistan wants peace in Afghanistan as it does not want that whatever has been achieved in the last ten years is wasted. He reiterated that Pakistan was ready to cooperate with the international community for peace and stability in Afghanistan. Minister said Pakistan would like to establish good economic relations with India and are waiting for the elections in that country.