Pakistan plans to raise up to $2 billion through Eurobonds during the current fiscal year as it prepares to return to international capital markets. Finance Minister Muhammad Aurangzeb said the government could issue between $1 billion and $2 billion by June 2027.
The planned borrowing would help Pakistan diversify external financing sources and strengthen foreign exchange reserves. Meanwhile, the government continues efforts to stabilize public finances under a $7 billion International Monetary Fund program.
Pakistan Prepares Eurobond Market Return
Aurangzeb said the timing would depend on market pricing and maturity conditions. Pakistan recently appointed a consortium of banks to arrange Eurobond issuances under a three-year mandate.
Islamabad is also seeking a $10 billion currency swap arrangement with the United States. Aurangzeb said the facility would send a confidence signal to private investors and support stronger trade and investment ties.
Government Seeks US and Chinese Financing
The finance minister said Washington had engaged constructively on the proposed swap arrangement. He also highlighted potential support from the US Export-Import Bank and International Development Finance Corporation for projects involving Pakistan.
Meanwhile, Pakistan plans to raise $750 million through a renminbi-denominated panda bond in China. Aurangzeb described the planned issuance as significant because of the size of China’s domestic capital market.
The government hopes these financing efforts will broaden Pakistan’s access to international investors. They could also support reserves and strengthen confidence in the country’s financial position.
