The government has increased its Eurobond size to $750 million from the earlier $500 million. This decision was made after strong interest from global investors.

Officials said the increase was done by using a “green-shoe option”, which allows a country to raise extra funds if demand is higher than expected.

The Ministry of Finance said Pakistan successfully returned to international markets after four years. Due to high investor demand, an additional $250 million was raised from global institutional investors.

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Finance adviser Khurram Shehzad said the strong response shows growing confidence in Pakistan’s economy. He added that investors showed more interest than expected, helping the government expand the bond size.

The three-year Eurobond was first issued at $500 million, but global demand allowed the government to increase it. Officials believe this will strengthen Pakistan’s position in international financial markets.

The bond carries an interest rate of 6.975 percent and will mature in April 2029. Finance Minister Muhammad Aurangzeb called it a major milestone and a sign that the economy is improving.

The move comes at a time when Pakistan’s foreign exchange needs are rising, mainly due to higher oil import costs linked to tensions in the Middle East.

Also Read: Pakistan repays $2 billion UAE deposit as new Saudi deal reshapes outlook

Recently, Saudi Arabia also increased its financial support for Pakistan from $5 billionn to $8 billion, including an additional $2 billion. At the same time, Pakistan returned $2 billion to the UAE as part of earlier financial arrangements.

Earlier this month, Pakistan repaid $1.43 billion in external debt, including a $1.3 billion Eurobond that matured in April.