ISLAMABAD - Pakistan, which needs US $ 3 to 4 billion to support oil import bill, will float a bond of US $ 800 million before end of this calendar year, says Finance and Revenue Minister, Syed Naveed Qamar. Syed Naveed Qamar on Thursday said the government would issue workers' remittances securitization bond before the end of this calendar year. He said the government would have to arrange US $ 3-4 billion to meet current account deficit. The government is reluctant to go into international financial markets to arrange much-needed dollars by issuing sovereign bonds due to its weakening credit rating caused by economic crisis. Pakistan's sovereign bonds securing cost has increased over 900 basis points on August 19, which made investment in Pak bonds more riskiest.   Floating workers' remittances bond is quite secure, as the payment of this loan will be on upfront basis. Foreign investment, privatization proceeds and workers remittances have remained major source of financing current account deficit, gap between foreign receipts and expenditure. Though the workers' remittances are keeping pace yet the foreign investment and privatization proceeds are on decline due to political and security uncertainties, enough to shake investors' confidence. An official of the Finance Ministry on Thursday said the government was expecting that Asian Development Bank would release US $ 500 million soft loan on September 30, after its Board meeting. "The release would give a positive signal to otherwise shattered market", said the official. The Finance Minister said the government would announce new wheat issue price to flour millers by next week. Though the Minister did not give absolute increase, yet there were reports the new wheat release price would be over Rs 800 per 40 kg. The market sources are expecting another wave of inflation after new wheat issue price. The government is of the view that it has to increase the wheat price in order to give confidence to farmers and discourage smuggling, as domestic wheat price was much lower than international one, which was encouraging hoarding and smuggling to Afghanistan. Talking about visiting International Monetary Fund mission, the Finance Minister said the delegation was not here to give a financial package but was technically assisting the government to overcome the financial problems. "The IMF is working with us on long-term macroeconomic stabilization programme". Another key Finance Ministry official who was also present on the occasion said macroeconomic stabilization plan also included revision of all macroeconomic indicators as well. The Asian Development Bank in its latest report also talked about reversal of all indicators including economic growth, inflation and other fiscal targets.