The country also met $126.125 million in coupon obligations on other Eurobond issuances, he wrote in a post on X.

“This brings total payments today to over $1.426 billion,” he said. “Debt servicing continues to be executed as a non-event - reflecting consistency, discipline, and strengthened capacity.”

Schehzad said this performance was underpinned by “stable external buffers and improved liquidity, continued macroeconomic stabilisation and resilience, strengthening investor confidence, and a more sustainable and disciplined debt trajectory”.

“The seamless execution of large external repayments underscores both capacity and consistency - reinforcing Pakistan’s credibility across global investors and financial institutions,” he wrote.

Pakistan would return a $3.5 billion loan to the United Arab Emirates this month, raising pressure on reserves and risking breaches of International Monetary Fund (IMF) programme targets with an additional $1.3 billion Eurobond repayment due by June, Reuters, citing two government officials, reported on Tuesday.

Foreign exchange reserves held by the State Bank of Pakistan (SBP) stood at $16.38 billion during the week ended March 27. Net foreign reserves held by commercial banks were recorded at $5.41 billion, bringing the country’s total reserves to $21.79 billion.