Pakistan has raised $500 million through a three-year Eurobond, re-entering international capital markets after a four-year absence from global financing.
The bond was issued under Pakistan’s Global Medium-Term Note programme, according to Finance Minister Advisor Khurram Schehzad, who announced the news on X.
The issuance attracted strong investor interest despite ongoing global economic and geopolitical uncertainties at the time of the bond’s launch this week.
Schehzad said the bond was priced at competitive terms, reflecting improving macroeconomic indicators and gradually stabilizing financial conditions across Pakistan’s economy.
The transaction is expected to strengthen Pakistan’s sovereign yield curve and create a fresh pricing benchmark for the country’s future international bond issuances.
The government described the return to global markets as a key milestone in its broader strategy to diversify external financing and reduce short-term funding reliance.
Schehzad wrote that strong investor demand reflects renewed trust and underscores the government’s disciplined approach to managing Pakistan’s overall sovereign debt obligations.
Proceeds from the Eurobond will be directed toward meeting Pakistan’s external financing needs and helping to strengthen the country’s foreign exchange reserve buffers.
Pakistan now plans to deepen engagement with international investors, with preparations underway to appoint financial advisors for upcoming GMTN and Sukuk programmes.
Progress on the country’s Panda Bond initiative, which targets Chinese capital markets, is also continuing as part of Pakistan’s broader international financing strategy.
Pakistan’s return to the Eurobond market comes amid easing global energy prices and gradual macroeconomic stabilisation that have improved its risk perception among investors.
