ISLAMABAD: Pakistan’s Ministry of Finance on Monday clarifies assertions regarding the country’s external debt and interest payments following a recent press commentary. Officials said the figures cited in the report require context to accurately reflect Pakistan debt profile. Read More: Pakistan’s debt rises to $138 billion The Ministry stated that Pakistan’s total external debt and liabilities […]
pakistan debt
$250 million panda bonds delayed again as deadline missed
The government has postponed the issuance of $250 million worth of Panda Bonds for the fourth time this fiscal year, after the Finance Ministry failed to complete the required preparations on schedule. Originally planned for early February, the bond launch could not move forward due to incomplete documentation and pending approvals, although officials remain hopeful […]
Debt can fuel Pakistan’s growth, says Aurangzeb
Pakistan’s Finance Minister Aurangzeb said debt can boost the economy if used for productive investments. He spoke at the World Economic Forum in Davos on Wednesday. Aurangzeb emphasized fiscal discipline, export-led growth, and climate resilience as key priorities for long-term development. Aurangzeb noted that borrowing should fund projects that generate exportable surplus rather than consumption. […]
Pakistan negotiates major UAE debt relief
Pakistan has formally asked the United Arab Emirates to extend repayment of $2.5 billion in loans for two years. The request includes lowering interest rates by nearly half, covering a $450 million facility dating back 30 years. Prime Minister Shehbaz Sharif confirmed the rollover agreement during the UAE president’s recent visit, though the exact duration […]
Pakistan trims government debt by Rs852 billion in September
KARACHI – Pakistan’s government successfully reduced its debt by Rs852 billion in September, according to a report released by the State Bank of Pakistan (SBP) on Thursday. This move comes as authorities aim to ease the country’s fiscal pressures. The SBP data revealed that the government’s total debt stood at Rs76,605 billion by the end […]
Pakistan seeks rescheduling of $27bn bilateral debt: Ishaq Dar
WASHINGTON: Pakistan’s new finance minister, Ishaq Dar, told Reuters on Friday that Pakistan seeks rescheduling of some $27 billion worth of non-Paris Club debt largely owed to China, but will not pursue haircuts as part of any restructuring. In an interview, Dar ruled out the possibility of a default on Pakistan’s debt, an extension of the maturity […]