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 […]
External Financing
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’s total reserves reach $19.61bn
SBP-held foreign exchange reserves increased to $14.58 billion as of December 5, according to the State Bank. The central bank reported a weekly rise of $12 million. The improvement reflects steady inflows and stable external financing. Commercial banks held $5.03 billion in net foreign reserves during the same period. This pushed Pakistan’s total liquid reserves […]