Pakistan completes timely payment of $1.3 billion Eurobond

ISLAMABAD: Pakistan made a full and timely repayment of its $1.3 billion Eurobond maturing on April 8, as part of the country’s routine external debt management.

Advisor to the Finance Minister Khurram Shahzad said in a post on social media platform X that the country has also paid coupon dues of $126.125 million on other Eurobond issuances.

“Total repayments to date have exceeded $1.426 billion. Debt repayments are continuing as usual, reflecting Pakistan’s consistency, discipline, and strong capacity.”

Khurram Shahzad added that this performance is based on stable external reserves and improved cash flow, ongoing economic stability and resilience, increased investor confidence, and a more sustainable and orderly debt path.

“The smooth implementation of large external debt payments demonstrates not only capacity but also consistency and strengthens Pakistan’s credibility among global investors and financial institutions.”

However, the British news agency Reuters has reported that Pakistan will repay $3.5 billion in debt to the United Arab Emirates this month, which will put pressure on the country’s reserves.

According to the State Bank, the country’s foreign exchange reserves stood at $16.38 billion on March 27.

The net foreign reserves of commercial banks were recorded at $5.41 billion, taking the country’s total reserves to $21.79 billion.