Washington, D.C.: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged with senior representatives of Rothschild and Co. to discuss Pakistan’s strategy for re-entering international capital markets, marking the end of a four-year hiatus. The discussions took place on the sidelines of the World Bank-IMF Spring Meetings 2026.

According to Press Information Department, the Finance Minister shared Pakistan’s plans to introduce various financial instruments, including Eurobonds, a Panda bond, and dollar-settled rupee-linked transactions, as part of a strategy to diversify financing sources. The issuance of a Panda bond is reportedly in advanced stages, with regulatory approval anticipated soon.

Senator Aurangzeb acknowledged Rothschild and Co.’s recommendations for a Liability Management Operation, which could help improve Pakistan’s yield curve and reinforce market confidence. Both parties emphasized the importance of developing a blended finance transaction pipeline with multilateral development institutions to lower borrowing costs.

The Minister also noted the World Bank Group’s commitment to climate finance support under the 10-year Country Partnership Framework. As the meeting concluded, he expressed appreciation for Rothschild and Co.’s offer of comprehensive advisory support, covering sovereign bond issuance, liability management operations, blended finance structuring, and sovereign rating advisory.