KARACHI: Pakistan has arranged alternative financing to meet external debt repayments totaling $4.75 billion due by June, according to media reports.
A major portion of the obligations includes $3.45 billion owed to the United Arab Emirates, to be paid in three tranches.
Payments include $450 million due on April 11, $2 billion on April 17, and $1 billion on April 23.
Additionally, Pakistan’s 10-year Eurobonds worth $1.3 billion are set to mature on April 8.
Officials said arrangements for this repayment have also been finalised, underscoring efforts to maintain credibility in international financial markets.
Authorities noted that more than $5 billion in funding assurances have been secured from friendly countries to support these repayments.
Pakistan’s foreign exchange reserves remain stable, with the State Bank holding approximately $16.4 billion, which officials consider sufficient to meet upcoming obligations without destabilising the external account.
Officials said timely repayments would help sustain investor confidence and financial stability.
