Pakistan on Tuesday successfully repaid a $1.3 billion Eurobond that matured on April 8, 2026, fulfilling its obligation in full and on time as part of routine external debt management, according to Advisor to the Finance Minister Khurram Schehzad.
In addition to the principal repayment, the country also cleared $126.1 million in coupon payments on other Eurobonds, bringing total payments for the day to over $1.426 billion. Officials described the process as smooth and uneventful, reflecting growing financial discipline and improved debt management capacity.
Schehzad highlighted that the timely repayments were supported by stable external buffers, improved liquidity, and ongoing macroeconomic stabilisation. He added that these factors are strengthening investor confidence and putting Pakistan on a more sustainable debt path.
The successful handling of large repayments, he noted, reinforces Pakistan’s credibility among global investors and financial institutions.
However, financial pressures remain. Pakistan is expected to return a $3.5 billion loan to the United Arab Emirates later this month, which could strain foreign exchange reserves and pose challenges to meeting International Monetary Fund (IMF) programme targets.
As of March 27, the State Bank of Pakistan reported foreign reserves at $16.38 billion, with total national reserves standing at $21.79 billion, including holdings by commercial banks.
