ISLAMABAD: Pakistan plans to issue Eurobonds in 2026, marking a return to global debt markets after nearly five years. Finance advisers said this move aims to diversify funding sources. The government also plans to issue Panda bonds and secure international financing.
Adviser to the finance minister Khurram Schehzad confirmed the Eurobond plan but did not provide further details. The report noted that the country last tapped the Eurobond market in 2021. Finance Minister Muhammad Aurangzeb had earlier announced the issuance under Pakistan’s Global Medium-Term Note (GMTN) program.
Read more: Pakistan repays $500m Eurobond, maintains steady debt servicing
Last month, Pakistan successfully repaid a $500 million Eurobond that matured in September 2025. The bond, issued in 2015 for 10 years, had attracted global investors. Bloomberg highlighted that Pakistan’s dollar bonds rose 24% this year, the highest performance in Asia.
Schehzad said the planned return to global debt markets reflects Pakistan’s push to diversify funding. The report added that IMF support has improved investor confidence and strengthened returns on sovereign bonds. Credit rating agencies Fitch, S&P, and Moody’s recently upgraded Pakistan’s outlook.
Read more: Pakistan pays $500M Eurobond on time, shows discipline
In addition to Eurobonds, Pakistan aims to raise $250 million through yuan-denominated Panda bonds this year. Earlier in June, it secured $1 billion in financing from Middle Eastern banks, resuming international lending after a two-year gap.