Eurobond | Pakistan

Pakistan has repaid its $500 million Eurobond on schedule, with the government saying the timely servicing reflects fiscal discipline, stronger reserves, improved ratings, and a more sustainable debt profile. The bond, meant to raise funds from global investors, was issued in 2015 with a 10-year tenor and matured on September 30 this year. Taking to the X platform, Adviser to the Finance Minister Khurram Schehzad announced the development, saying, “Timely debt servicing remains business as usual, reflecting the country’s commitment to financial discipline.” He said the development was encouraging as it comes at a time when external buffers and liquidity have improved, sovereign ratings have been raised, and investor confidence is rising, with Pakistan’s bonds recently trading at a premium. Schehzad further said that the debt-to-gross domestic product (GDP) ratio had improved from 77 per cent in FY20 to 70pc in FY25. “External debt’s share in total public debt has declined from 38pc to 32pc in FY25, reducing F...