ISLAMABAD (MNN); Pakistan has arranged alternative financing to meet external debt repayments totaling $4.75 billion due by June, according to media reports. The move is aimed at ensuring timely payments and maintaining the country’s financial credibility.
A significant portion of the repayments includes $3.45 billion owed to the United Arab Emirates, which will be settled in three separate tranches. These include $450 million due on April 11, $2 billion on April 17, and $1 billion on April 23.
In addition, Pakistan’s 10-year Eurobonds worth $1.3 billion are scheduled to mature on April 8. Officials confirmed that arrangements for this repayment have also been finalised, reflecting the government’s commitment to meeting its international financial obligations on time.
Authorities further stated that more than $5 billion in funding assurances have been secured from friendly countries to support these repayments. This financial backing is expected to ease pressure on the country’s external account.
Officials noted that Pakistan’s foreign exchange reserves remain stable, with the State Bank holding approximately $16.4 billion. They expressed confidence that the available reserves are sufficient to meet upcoming obligations without causing instability in the external sector.
The government believes that timely repayment of debts will help sustain investor confidence, strengthen Pakistan’s standing in global financial markets, and support overall economic stability.
