KARACHI: Pakistan will issue a local currency Islamic bond, or sukuk, in the fiscal year ending June 30, and the size and tenure is likely to be decided this month, officials said on Monday.The government has already invited banks to submit proposals to handle a sovereign dollar-bond issue, though market players have warned that the offer will flop due to investors’ aversion to risk. “We plan to issue a sukuk soon, but are yet to finalise the details,” caretaker Finance Minister Salman Shah said.