ISLAMABAD: Finance Minister Muhammad Aurangzeb announced Pakistan’s plan to re-enter the global bond market after a four-year gap, citing improved macroeconomic stability. He stated that the government will soon request proposals for advisers as it considers issuing dollar, euro, or sukuk bonds, along with the country’s first panda bond launch.
Speaking at the World Economic Forum (WEF) 2026 in Davos, Aurangzeb highlighted progress in key indicators such as inflation, interest rates, fiscal position, and the current account, signaling economic recovery. After being excluded from global debt markets since 2022, Pakistan regained stability through prudent measures under IMF programs. Inflation has decreased from 40% to single digits, and global credit agencies have upgraded Pakistan’s ratings.
Aurangzeb projected foreign reserves would reach three months of import coverage by June, while improvements in the rupee and external position reflect growing confidence. He also emphasized structural reforms, including state-owned enterprise privatization and tax expansion. Following PIA’s privatization, the government now plans to sell a stake in New York’s Roosevelt Hotel. The finance minister stressed the need for export-led growth over import-driven expansions to ensure sustainable progress.
