Finance minister calls Eurobond repayment ‘non-event’, cites external stability

Speaking at a panel discussion at Harvard University, Finance Minister Muhammad Aurangzeb has said Pakistan’s recent Eurobond repayment was a “non-event”, indicating improved confidence in the country’s ability to meet its external obligations.

The minister said the payment was completed without disruption, reflecting stability in Pakistan’s external payments position.

He highlighted record activity at Karachi Port and said remittances through Roshan Digital Accounts reached an all-time high in March. However, he stressed that remittances alone cannot sustain economic growth and that exports must remain the primary focus.

Aurangzeb said the Middle East conflict created supply pressures globally, but Pakistan maintained continuity in energy supply. He noted that after initial subsidies, the government is moving towards full pass-through of energy prices while continuing targeted support.

The minister said solar power capacity in Pakistan has reached 8,000MW, with plans to further expand renewable energy.

He added that agricultural income tax legislation has been finalised across all four provinces, and 28 state-owned enterprises have been referred to the Privatisation Commission for further action.