Pakistan Repays $1.3bn Eurobond on Schedule, Advisor Khurram Schehzad Confirms

Pakistan Repays $1.3 Billion Eurobond on Schedule

On Tuesday, Pakistan repaid a full and timely $1.3 billion Eurobond maturing on April 8, 2026, as part of its routine external debt management, according to Advisor to Finance Minister Khurram Shafiq.

The country also met $126.125 million in coupon obligations on other Eurobond issuances, bringing total payments today to over $1.426 billion, Shafiq said.

“This brings total payments today to over $1.426 billion,” he said. “Debt servicing continues to be executed as a non-event – reflecting consistency, discipline, and strengthened capacity.”

Shafiq said this performance was underpinned by stable external buffers and improved liquidity, continued macroeconomic stabilisation and resilience, strengthening investor confidence, and a more sustainable and disciplined debt trajectory.

The seamless execution of large external repayments underscores both capacity and consistency, reinforcing Pakistan’s credibility across global investors and financial institutions,” he wrote.

Pakistan would return a $3.5 billion loan to the United Arab Emirates this month, raising pressure on reserves and risking breaches of International Monetary Fund (IMF) programme targets with an additional $1.3 billion Eurobond repayment due by June, Reuters reported on Tuesday, citing two government officials.

Foreign exchange reserves held by the State Bank of Pakistan stood at $16.38 billion during the week ended March 27. Net foreign reserves held by commercial banks were recorded at $5.41 billion, bringing the country’s total reserves to $21.79 billion.