Latest Rs279bn bond buyback lifts cumulative pre-maturity debt retirement to Rs4.722tr as government seeks to cut refinancing risks and improve fiscal sustainability.
Pakistan has crossed Rs4.7 trillion in early public debt repayments after completing another buyback of Pakistan Investment Bonds (PIBs) worth Rs279 billion, as the government accelerates efforts to reshape its debt profile and reduce financing risks.
According to Advisor to the Finance Minister Khurram Schehzad, the latest transaction increased the cumulative value of debt retired before maturity to Rs4.722 trillion, making it the country’s largest and longest-running liability management programme.
The buyback initiative forms part of a broader debt management strategy…