ISLAMABAD (APP) - The government is all set to launch short-term saving certificates from next year to promote national savings, spokesman of the Ministry of Finance, Raja Asad Amin said Tuesday. Asad Amin told reporters at a press briefing that the Ministry of Finance has framed rules and regulations for launching the certificates and has also printed the certificates, which would be launched at a suitable time. We are all ready to launch the certificate but wait for an appropriate time, keeping in view the market demand, spokesman of the Ministry of Finance told reporters at a press briefing, adding that the certificates could be introduced in the beginning of the next calendar year. Spokesman of the Ministry of Finance said that the government would not increase rates of existing certificates of the National Savings rather it would introduce the short-term certificates to facilitate beneficiaries. He said that establishment of Infrastructure Bank was also on the cards but it is still at conceptual stage. The bank would finance and assist the infrastructure development projects in the country to enhance the civic facilities and improve the living standard of the masses. He informed that a commission was being formed to monitor the performance of the governmental organizations which would also redefine the budget allocations for these organizations according to their performance. Another commission is also being constituted to remove the disparities in the salary structure of the federal employees of different organizations, he added. The spokesman further informed that the total fiscal deficit was expected to remain at 5.3 of gross domestic product (GDP) during the outgoing fiscal year. He said that out of total borrowing of Rs. 959 billion, the external borrowing stood at Rs 200 billion while remaining amount was internal bearings that also include Rs. 156 billion from the State Bank of Pakistan. The borrowing from the State Bank of Pakistan (SBP) was recorded at Rs. 156 billion by June 25 which would be brought to zero by the June 30. The amount to pay back the SBP borrowing would be obtained from different sources like selling T-bills and receipts the Federal Board of Revenue. To a question, he said that all reservations of International Monetary Fund (IMF) regarding RGST etc. were almost removed for the release of next tranche of $ 1.6 billion and for getting the Letter of Comfort (LOC). Raja Asad said that OGDCL bonds could not be floated in the international market by the end of current financial year adding that since January 2011 as many as 19 countries conducted the road shows but non of them could succeeded to float the bond.