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Your email address will not be published.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

Gold price in Pakistan increases

Local gold in Pakistan is being sold for Rs. 95,165 per 10…

US government approves Alaska oil and gas development

US President Joe Biden has approved a major oil and gas drilling…

Gold prices shoot up

On Thursday, the price of gold per tola in the country increased…

Flour Mills will resume operations on Feb 14: Reports

Lahore: Punjab Flour Mills Association (PFMA) announced calling off strike it had…