Business Recorder
Pakistan had successfully re-entered the international capital markets after a four-year gap, raising $500 million through a three-year Eurobond issued under its Global Medium-Term Note (GMTN) programme, said Advisor to Finance Minister Khurram Schehzad. The issuance attracted strong investor interest despite ongoing global economic and geopolitical uncertainties, signaling a revival in investor confidence in Pakistan’s economic outlook. According to Schehzad, the bond was priced at competitive terms, reflecting improving macroeconomic indicators and stabilizing financial conditions. The transaction is expected to enhance Pakistan’s sovereign yield curve and provide a fresh pricing benchmark for future international issuances. Read More: Pakistan repaid $1.3bn Eurobond on schedule, says Khurram Schehzad He said the successful return to global markets marks a key milestone in the government’s broader strategy to diversify external financing sources and reduce reliance on short-term funding. “The strong demand underscores renewed investor trust and reflects the government’s disciplined debt management approach,” Schehzad wrote on X. The proceeds from the Eurobond will support external financing needs and contribute to strengthening foreign exchange buffers. Schehzad noted that Pakistan plans to further deepen its engagement with international investors. Preparations are underway for the appointment of financial advisors for upcoming GMTN and international Sukuk programmes, while progress on the Panda Bond initiative is also continuing. Pakistan’s return to the Eurobond market comes amid easing energy prices and gradual macroeconomic stabilization, factors that have helped improve the country’s risk perception among global investors. The move is expected to reinforce Pakistan’s credibility in international debt markets and pave the way for future fundraising at more favorable terms.
Go to News Site