Aurangzeb Confirms Eurobond Repayments, Announces Panda Bond Launch

Federal Minister for Finance Senator Muhammad Aurangzeb said Wednesday that the government was prepared to make the first installment payment of $500 million on Eurobonds due in September this year. Speaking at the post-budget press conference, he added that the second installment was scheduled for March–April next year, adding the government was fully equipped to manage its external financing obligations. He also announced the launch of Pakistan’s inaugural Panda Bond issuance later this year. The government, he said, is working to secure credit enhancement through the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB), a process currently underway. Highlighting the importance of diversifying trade and investment avenues, Senator Aurangzeb emphasized the government’s commitment to expanding access to international financial markets. “As our international credit ratings improve, we aim to access the Euro and US dollar markets by calendar year 2026,” he said.