By Gibran Naiyyar Peshimam
ISLAMABAD (Reuters) – Pakistan repaid $1 billion in international bonds as the country met its external financing obligations, a central bank spokesman said on Friday. Capacity is increasingly uncertain.
The South Asian nation’s economy has been plagued by multiple crises, including the aftermath of devastating floods that killed 1,500 people, Low foreign exchange reserves and decades of high inflation.
“The payment has been made to Citibank New York,” State Bank of Pakistan (SBP) spokesman Abid Qamar told Reuters in a message.
The central bank governor said last week that bond repayments due on December 5 totaled $1. billion.
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During the week ending November , SBP reserves were $7, 700 700,000. It has since received $500 million from the Asian Infrastructure Investment Bank.
Saudi Arabia also on Friday extended the maturity of its $3 billion deposit in Pakistan’s foreign exchange reserves.
