Pakistan initiates process for Eurobond

According to The Express Tribune, Finance Minister's adviser Khurram Schehzad said on Tuesday that Pakistan has begun the procedure for a dual-tranche Eurobond priced against the US dollar. The offering is planned in two maturities, five years and 10 years, and will go ahead only if market conditions allow. Schehzad made the announcement in a post on his official X account.

He linked the transaction to a run of sovereign credit rating upgrades, firmer economic fundamentals and better investor sentiment, calling it another milestone in the country's return to international capital markets. The proposed deal, he said, reflects growing engagement with global investors and an effort to build a lasting footprint in those markets. He summed up the message with a short line stressing stability, confidence and access to global markets.

The new plan follows that April 2026 return, when a three-year Eurobond worth $500 million was sold under the GMTN Programme after a four-year break. Together, these steps form the sequence the adviser cited as backing the country's return to global markets.