{"id":58267,"date":"2019-12-03T16:27:17","date_gmt":"2019-12-03T11:27:17","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=58267"},"modified":"2025-05-26T16:28:58","modified_gmt":"2025-05-26T11:28:58","slug":"pakistan-repays-usd-1-billion-foreign-debt","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-repays-usd-1-billion-foreign-debt.html","title":{"rendered":"Pakistan repays USD 1 billion in foreign debt"},"content":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Monday announced that the government had successfully made a foreign debt repayment of over USD 1 billion \u2014 after the maturity of a Sukuk (Islamic financial certificate) that had been floated in the international market five years ago, according to news sources.<\/p>\n<p>This development led to an improvement in the country\u2019s foreign currency reserves, and coincidently took place on the same day as when Moody\u2019s (a New York-based credit rating agency) changed the status of<a href=\"https:\/\/www.zameen.com\/news\/moody-ranks-pakistans-economic-outlook-stable.html\" target=\"_blank\" rel=\"noopener noreferrer\"> Pakistan\u2019s economic outlook from \u2018negative\u2019 to \u2018stable\u2019<\/a>.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/pakistan-to-repay-cpec-debt-in-forex.html\" target=\"_blank\" rel=\"noopener noreferrer\">Pakistan to repay CPEC debt in forex<\/a><\/p>\n<p>Pakistan is expected to pay USD 399.5 million in interest on all outstanding sums of Eurobond and Sukuks in this fiscal year. Additionally, commercial loans of USD 2.3 billion will also mature in this fiscal year, including USD 1.7 billion of China Development Bank; USD 300 million of Bank of China; USD 100 million of Standard Chartered Bank; and USD 200 million of Credit Suisse.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/imf-releases-first-usd-991-mn-loan-package-instalment.html\" target=\"_blank\" rel=\"noopener noreferrer\">IMF releases first USD 991 mn loan package instalment<\/a><\/p>\n<p>However, it is important to remember that the country is also expected to get the second tranche of USD 450 million from the International Monetary Fund (IMF) in January or February \u2014 under the USD 6 billion IMF loan programme launched in July.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Monday announced that the government had successfully made a foreign debt repayment of over USD 1 billion \u2014 after the maturity of a Sukuk (Islamic financial certificate) that had been floated in the international market five years ago, according to news sources. This development led to an improvement in the country\u2019s foreign currency reserves, and coincidently took place on the same day as when Moody\u2019s (a New York-based credit rating agency) changed the status of Pakistan\u2019s economic outlook from \u2018negative\u2019 to \u2018stable\u2019. Read:\u00a0Pakistan to repay CPEC debt in forex Pakistan is expected to pay USD 399.5 million in interest on all outstanding sums of Eurobond and Sukuks in this fiscal year. Additionally, commercial loans of USD 2.3 billion will also mature in this fiscal year, including USD 1.7 billion of China Development Bank; USD 300 million of Bank of China; USD 100 million of Standard Chartered Bank; and USD 200 million of Credit Suisse. Read:\u00a0IMF releases first USD 991 mn loan package instalment However, it is important to remember that the country is also expected to get the second tranche of USD 450 million from the International Monetary Fund (IMF) in January&hellip;<\/p>\n","protected":false},"author":75,"featured_media":34938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[14256],"persona":[],"class_list":{"0":"post-58267","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-details-on-pakistan-repays-usd-1-billion-in-foreign-debt","9":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan repays USD 1 billion in foreign debt - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Monday announced that the government had successfully made a foreign debt repayment of over USD 1 billion \u2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistan-repays-usd-1-billion-foreign-debt.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan repays USD 1 billion in foreign debt - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Monday announced that the government had successfully made a foreign debt repayment of over USD 1 billion \u2014\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-repays-usd-1-billion-foreign-debt.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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