Govt targets $4.5 billion market borrowing to diversify beyond bilateral loans in FY27

Pakistan is planning to raise Rs580 billion ($2. 08 billion) from international bond markets in fiscal year 2026-27, a fivefold increase from the outgoing year’s target of Rs116 billion ($417 million), which Finance Minister Muhammad Aurangzeb says would gradually replace a portion of the country’s bilateral borrowing with market-based financing. The government also plans to borrow

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