ISLAMABAD — Finance Minister Muhammad Aurangzeb announced on Wednesday that Pakistan plans to re-enter international capital markets with a Eurobond issuance under its Global Medium-Term Note (GMTN) programme in 2026.
The minister made the announcement during a meeting with a delegation of German investors and businessmen led by German Ambassador to Pakistan Ina Lepel, according to an official statement.
Aurangzeb said Pakistan’s re-entry plan includes issuing its first Panda Bond in China’s capital market alongside the upcoming Eurobond issuance.
Last month, Pakistan fully repaid a $500 million Eurobond that matured on September 30, 2025. The bond had been issued in 2015 with a 10-year tenor.
During the meeting, the finance minister briefed the delegation on the government’s progress toward fiscal and external stability and invited German investors to explore opportunities in Pakistan’s technology, energy, and manufacturing sectors.
He said Pakistan’s recent credit outlook upgrades by Fitch, S&P, and Moody’s reflect improved macroeconomic performance, while the IMF’s staff-level agreement last week further signals confidence in the country’s policy direction.
Aurangzeb informed that 34 state-owned enterprises have been transferred to the Privatisation Commission, with significant progress made, including four international conglomerates conducting due diligence on Pakistan International Airlines (PIA).
He added that Pakistan’s improving economic indicators and renewed engagement with partners in Europe, China, the US, and the Gulf region are fostering a conducive environment for foreign direct investment and business collaboration.
