Islamabad: Pakistan is preparing to re-enter the international sovereign debt market in 2026, marking its first bond issuance since 2022, Finance Minister Muhammad Aurangzeb told Bloomberg.
The government plans to issue a request for advisers to support its return to the global bond market. Officials are assessing whether the next issuance will take the form of a dollar, euro, or sukuk bond. Aurangzeb also confirmed that the country’s first-ever panda bond, a bond issued in Chinese yuan in China, is being prepared for launch in the coming weeks.
Speaking at the World Economic Forum Annual Meeting 2026 in Davos, Aurangzeb highlighted improvements in Pakistan’s macroeconomic indicators, including inflation, interest rates, the fiscal position, and the current account, which he said have strengthened the country’s capacity to access international financing.
The finance minister noted that Pakistan had been largely shut out of global bond markets since 2022 but has regained footing following fiscal and structural reforms, including measures under International Monetary Fund (IMF) programmes, privatisation of government-owned companies, and efforts to broaden the tax base.
Aurangzeb said the government’s focus remains on maintaining reform momentum and transitioning toward sustainable, export-led growth, which he described as critical for long-term economic stability.
The return to the international bond market is seen as a significant step in securing global financing and strengthening Pakistan’s external position.
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