KARACHI/ISLAMABAD: Pakistan has raised an additional USD 250 million from international investors by exercising the green shoe option, taking the total size of its latest Eurobond issuance to USD 750 million.
The upsizing comes shortly after the country’s return to global capital markets raising USD 500 million through a 3-year Eurobond following a four-year hiatus, reflecting strong investor appetite and renewed confidence in Pakistan’s economic outlook.
Khurram Schehzad, adviser to the finance minister, disclosed the development in a post on X, noting that the upsizing reflects stronger-than-expected investor demand and reinforces confidence in Pakistan’s economic outlook and its return to global markets.
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The three-year Eurobond drew robust interest from international investors, enabling the government to expand the offering and broaden participation from global institutional buyers, he added.
Schehzad highlighted that the transaction sends several positive signals to the market, including strong and sustained investor demand for Pakistan’s sovereign paper and the successful execution of the Green Shoe option.
He noted that the ability to attract additional funds beyond the initial issuance reflects growing investor confidence and improved sentiment toward the country’s economic trajectory.
He said the upsized issuance is expected to enhance the depth and liquidity of Pakistan’s sovereign yield curve, while also reinforcing the country’s re-engagement with international capital markets. The development, he said, marks an important step in rebuilding Pakistan’s presence among global investors after a prolonged absence.
Driven by incremental investor demand, the upsizing strengthens Pakistan’s presence in global capital markets, reinforcing confidence in the country’s economic outlook and its return to international markets, Schehzad said, adding that it also builds momentum for future issuances under the GMTN programme.
Copyright Business Recorder, 2026
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