The Government of Pakistan is to receive payments against its Eurobond and Sukuk Bond issue during the first week of December.

The amount will add $ 2.5 billion to the Forex Reserves. The reserves are expected to report during the second week of December.

Pakistan raised $1 billion against its 5-year Sukuk Bonds and $1.5 billion against its 10-year Eurobonds after roadshows across the globe at 5.625% and 6.875% respectively. The instruments were sold at attractive rates, as investor perception towards Pakistan’s economy has been positive after the reforms.

The government of Pakistan received bids worth $8 billion, however, accepted amounts worth $2.5 billion.