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Pakistan to refinance short-term external debt to reduce rollover risks: Aurangzeb
Pakistan plans to refinance some of its short-term external debt into longer maturities over the next two to three years to reduce rollover risks, while keeping its overall external debt, estimated at close to $100 billion, broadly unchanged, Finance Minister Muhammad Aurangzeb said to Bloomberg News on Monday. “The way I was explaining to you earlier as well, this year, it is not a question that we absolutely need to cover the external financing gap, but for the next two to three years, what we do want to do is to see if some of our short-term external debt can be refinanced into longer tenor...
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