Finance Minister Muhammad Aurangzeb announced that Pakistan plans to re-enter international capital markets with a Eurobond issuance under its GMTN program in 2026. The announcement was made during a meeting with a delegation of German investors, led by German Ambassador H.E. Ina Lepel.
Aurangzeb shared that Pakistan also plans to issue its inaugural Panda Bond in China while returning to the Eurobond market under the GMTN program next year. The minister noted that Pakistan successfully repaid its $500 million Eurobond in September 2025, which was originally issued in 2015 with a ten-year tenor.
The finance minister highlighted the government’s progress in restoring fiscal and external stability. He welcomed the German delegation and praised the role of the AHK German Bilateral Chamber of Commerce in connecting foreign investors with Pakistan’s evolving business opportunities.
Aurangzeb encouraged German investors to explore Pakistan’s key sectors, including technology, energy, and manufacturing. He emphasized that Pakistan’s economic progress has been recognized internationally, with credit rating agencies Fitch, S&P, and Moody’s upgrading the country’s outlook in recent months. Additionally, the IMF’s staff-level agreement reflects growing international confidence in Pakistan’s economic policies.
The minister also highlighted privatization efforts, noting that 34 state-owned enterprises have been handed over to the Privatization Commission. The privatization of Pakistan International Airlines (PIA) is progressing, with four major international conglomerates currently performing due diligence.
Aurangzeb emphasized that improving macroeconomic fundamentals, positive geopolitical developments, and strengthened engagement with Europe, China, the United States, and Gulf countries are creating a favorable environment for foreign direct investment.
In other related news also read Electricity likely to get cheaper in Pakistan
The upcoming Eurobond issuance under the GMTN program is expected to support Pakistan’s economic growth and strengthen its access to international capital markets. Authorities believe that this step will boost investor confidence and further enhance Pakistan’s economic stability.
