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Pakistan weighs funding options and strategic fuel reserves

Pakistan is exploring Eurobonds and commercial debt to replace a $3.5 billion UAE loan. The nation also plans strategic fuel reserves to ensure stability.

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The finance minister of Pakistan, Muhammad Aurangzeb, has indicated that the nation is weighing all available financial options to bolster its foreign reserves and manage upcoming debt obligations. Speaking at the International Monetary Fund and World Bank spring meetings in Washington, Aurangzeb revealed that the government is considering the issuance of Eurobonds, commercial loans, and the PAKISTAN GLOBAL SUKUK to replace a $3.5 billion facility from the United Arab Emirates.

Pakistan Finance Minister Muhammad Aurangzeb during an interview at the International Monetary Fund and World Bank Group’s annual spring meetings in Washington D.C. REUTERS/Ken Cedeno
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