Pakistan raises $3bn via Eurobond as US rejects $10bn request
Finance Minister Muhammad Aurangzeb told the Senate that Islamabad also secured a Saudi $3bn rollover and can manage its external accounts without US liquidity support.
Finance Minister Muhammad Aurangzeb said Pakistan raised $3 billion through a Eurobond after the United States declined a $10 billion Liquidity Support Program request.
He confirmed a $3 billion rollover from Saudi Arabia but did not disclose its duration.
Finance Secretary Imdad Ullah Bosal put gross external financing repayments at $21.5 billion, including $17 billion principal and $4 billion interest.
Public debt was reported to have fallen from 75.1% of GDP in FY2023 to 68.6% in FY2026, with foreign exchange reserves at $21.5 billion.
Officials said Pakistan can meet about $5 billion in debt-servicing over the next six months while keeping those reserves.