Pakistan: Pakistan has successfully returned to the international capital markets after a four-year hiatus, with the issuance of a 500 million dollar Eurobond today, at attractive terms under its Global Medium-Term Note (GMTN) Programme. Adviser to the Finance Minister Khurram Schehzad announced this development in a post on his X handle, highlighting the achievement as a significant milestone for the country’s economic strategy.

According to Radio Pakistan, the three-year Eurobond witnessed strong investor demand despite ongoing global market and geopolitical uncertainties, signaling renewed confidence in Pakistan’s economic outlook. This well-timed issuance adds fresh liquidity to Pakistan’s sovereign yield curve, strengthening its presence in global bond markets and supporting the development of a more efficient pricing benchmark for future transactions.

Khurram Schehzad further mentioned that the transaction reflects improving investor sentiment and marks an important step in Pakistan’s strategy to diversify funding sources and rebuild a sustainable market presence. This milestone underscores the continued efforts of the Finance Division, particularly the Debt Management team, in executing a disciplined and forward-looking debt strategy.

The Adviser also stated that Pakistan will continue to deepen its engagement with global markets, with Requests for Proposals for Financial Advisors for the GMTN and International Sukuk programmes to be launched soon, while the Panda Bond programme is also progressing toward issuance. With macroeconomic stability taking hold, structural reforms advancing, and growth momentum gradually strengthening, Pakistan’s economic outlook is improving.

Additionally, the opening of the Strait of Hormuz and the correction in energy prices have further supported this progress. As a result, Pakistan’s timely return to global markets reflects stronger fundamentals and renewed investor confidence, with a stable to positive economic outlook.