Pakistan has repaid $1 billion in Eurobonds as a scheduled payment ahead of seeking a long-term bailout from the International Monetary Fund (IMF). The bond, launched in 2014 and repaid on Friday, was maturing this month. “The payment was made to the agent bank for onward distribution to the bond holders,” the State Bank of Pakistan said in a statement.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

US Stocks Open Up Cautiously as Stimulus Odds Worsen

New York, Oct 22 (AFP/APP): Wall Street advanced slowly at the open…

Poland, Ukraine make breakthrough on grain transit

Warsaw and Kyiv have agreed to speed up the transit of Ukrainian…

Oil rises as Russia cuts output after Western price cap

Oil contracts rebounded on Friday after Russia announced it would slash its…

U.S. housing hits one-year low as deficits bite

Washington: It was reported by the Commerce Department that U.S. homebuilding abruptly…