Pakistan will repay a $500 million Eurobond by September 30, with officials assuring that the payment will not weigh on the country’s foreign exchange reserves. The State Bank of Pakistan Governor, Jamil Ahmed, confirmed that necessary arrangements had already been made.
According to the Finance Ministry, Pakistan faces $26 billion in external debt obligations during the current fiscal year. Of this, $3.5 billion has been managed so far—$1.5 billion through direct payments and $2 billion via rollovers. Authorities emphasized that the rest of the repayments would be made on time.
The government is also counting on $9 billion in deposit rollovers from key allies. This includes $5 billion in time deposits from Saudi Arabia and $4 billion in safe deposits from China, with the transactions expected to be completed under the framework of Pakistan’s ongoing IMF programme.
