The State Bank of Pakistan (SBP) has successfully repaid $1.43 billion on a Eurobond maturing April 8, 2026, covering $1.3 billion in principal and the remainder in interest, signaling the country’s commitment to meeting its international debt obligations amid growing external repayment pressures.
In a statement on Wednesday, the central bank confirmed that the repayment includes $1.3 billion in principal, with the remainder covering interest. Payment was made to the agent bank for onward distribution to bondholders on the maturity date.
This repayment comes as Pakistan faces additional external obligations, including a $3.5 billion loan repayment to the United Arab Emirates scheduled for this month, putting further pressure on the country’s foreign reserves and potentially challenging compliance with the International Monetary Fund (IMF) program.
Officials said $450 million will be repaid this week, followed by $2 billion on April 17 and $1 billion on April 23, with loans dating back to the late 1990s and rollovers, carrying interest rates around 6.5%.
As of early 2026, Pakistan’s total external debt and liabilities stand at approximately $138 billion, with public debt accounting for $92 billion.
China remains the largest bilateral lender, while multilateral creditors, including the World Bank and Asian Development Bank, are owed roughly $42.7 billion. Outstanding IMF credit totals $7.29 billion.
