Pakistan, Sept. 5 -- Pakistan is eyeing a rupee-denominated bond dollar settled bond and aims to tokenize its Eurobond debt, Finance Minister Muhammad Aurangzeb said on Friday, as Islamabad seeks to leverage its digital financial instruments and diversify external funding sources to strengthen its foreign reserves.

The announcement comes a day after Pakistan's finance ministry announced that it had raised $3 billion from issuing Eurobonds in the international market. Pakistan has announced plans to diversify the way it raises funds from international capital markets, such as through rupee-denominated bonds, as it aims to strengthen its economy under a $7 billion International Monetary Fund (IMF) loan program.

"There are two other things...