The Ministry of Finance has reported that Pakistan has agreed to pay back a $500 million Eurobond by September 30.
The repayment won’t put any strain on the nation’s foreign exchange reserves, officials affirmed. The plans were also verified by Jamil Ahmed, governor of the State Bank of Pakistan.
$3.5 billion of the $26 billion in external debt that was due this fiscal year has already been paid back. According to sources from the Finance Ministry, this includes $2 billion in rollovers and $1.5 billion in payments.
The remaining external debt will also be paid back on schedule, according to officials.
