Pakistan Confident in Meeting External Obligations, Finance Minister Aurangzeb Asserts

WASHINGTON: Pakistan’s Finance Minister, Muhammad Aurangzeb, has assured that the country remains committed to fulfilling all its external financial obligations promptly. Speaking at the J.P. Morgan Investment Seminar in Washington D.C., Aurangzeb emphasized the importance of financial support from the Kingdom of Saudi Arabia in bolstering Pakistan’s external financial stability.

According to Radio Pakistan, Aurangzeb detailed Pakistan’s progress on issuing its inaugural Panda bond, which forms a part of the government’s strategy to diversify its financing sources and enhance engagement with global capital markets. Additionally, the Finance Minister conducted a meeting with representatives from Moody’s, where he reiterated Pakistan’s successful adherence to Eurobond repayment schedules and its ongoing commitment to meeting creditor obligations.

Aurangzeb further discussed Pakistan’s medium-term strategy to re-enter international capital markets. He highlighted key instruments currently under preparation, such as a Eurobond and a dollar-settled rupee-linked bond, as part of the country’s efforts to expand its financing options and enhance its financial resilience.

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