Business
Pakistan paid $1 billion Euro bonds on time
It is important to mention here that the bonds are paid with interest of the principal amount.
Islamabad: Pakistan has paid $1 billion of euro bonds on time.
In accordance with the state bank of Pakistan, the payment to Pakistani Eurobond holders was made on through the agent bank on April 12. The amount paid includes the loan principal and interest.
However, in the central Bank of Pakistan after the payment Pakistan's Eurobonds debt in the international market has reduced to $7 billion.
The government has paid the maturing bonds on time now this will increase the confidence of investors and international organizations on Pakistan's economy.
It is important to mention here that the bonds are paid with interest of the principal amount.