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Your email address will not be published.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

North Korea-China border closure to end soon

Beijing/Seoul: On Jan 16, Chinese dealers said that they anticipate the resumption…

IMF seeks assurance on Saudi funding to Pakistan: Report

According to the reports, the International Monetary Fund’s Executive Board was looking…

Gold prices soar by PKR 2,200 per tola

On Monday, domestic gold prices continued their record-breaking spree. One-tola and 10-gram…