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Your email address will not be published.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

Rupee recovers partially against dollar

Karachi: On Wednesday, the Pakistani rupee recovered partially and closed at 201.52…

Steel price hits all-time high in Pakistan

The steel bar prices have crossed Rs280,000 per tonne after a massive…

Manish Malhotra uses “Parizaad’s” soundtrack in his latest campaign

It emerged on Monday that celebrated Indian designer Manish Malhotra’s latest campaign…

Russia says can send natural gas to Pakistan ‘in long term’

Moscow: Russian Deputy Prime Minister Alexander Novak said that Moscow is ready…