Pakistan, Rothschild discuss international market access

April 17, 2026 (MLN):  Pakistan and Rothschild & Co. held a productive meeting on the sidelines of the World Bank–IMF Spring Meetings 2026, focusing on the country’s planned return to international capital markets after a gap of four years.

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb briefed the Rothschild & Co. delegation on Pakistan’s financing strategy, which includes proposed issuance of Eurobonds, a Panda bond, and dollar-settled rupee-linked instruments aimed at diversifying funding sources, according to a press release issued.

He noted that the Panda bond transaction is currently at an advanced stage, with regulatory approval expected shortly.

The Finance Minister appreciated Rothschild & Co.’s guidance on a potential Liability Management Operation (LMO), describing it as a key step to help compress Pakistan’s yield curve and strengthen investor confidence.

Both sides also discussed the development of a strong pipeline of blended finance transactions in partnership with multilateral development institutions, aimed at reducing overall borrowing costs.

The Finance Minister further highlighted climate finance commitments under the World Bank Group’s 10-year Country Partnership Framework (CPF).

Concluding the meeting, Senator Aurangzeb welcomed Rothschild & Co.’s continued advisory support across Pakistan’s capital market re-engagement strategy, including sovereign bond issuance, liability management operations, blended finance structuring, and sovereign rating advisory.

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