ISLAMABAD: Pakistan will repay a $1 billion international bond on December 2, three days before its due date, the State Bank of Pakistan (SBP) Governor Jameel Ahmad told a briefing on Friday. The bond repayment, which matures on December 5, totals $1.08 billion, Ahmad told a briefing, according to two analysts who were present. An immediate inflow of $500 million was expected next week on Tuesday from the Asian Infrastructure Investment Bank, he said. Pakistan’s reserves with the central bank stood at $7.8 billion as of November 18, barely enough to cover a month’s imports. He told the briefing he expects external financing requirements would be met on time because of inflows from international lenders.

Source: Pakistan Today November 26, 2022 07:40 UTC