Bloomberg reported that the State Bank of Pakistan (SBP) made the payment for a $1 billion bond on Friday.
Referring to the Governor State Bank of Pakistan, Jameel Ahmad Blomberg reported that Pakistan had paid a $1 bill for Sukkur bonds.
A spokesman for the SBP, Abid Qamar, told Bloomberg that Pakistan transferred the payment on the Sukuk bonds to Citigroup Inc, which will distribute the monies to the bondholders.
According to indicative pricing data compiled by Bloomberg, the price of the notes rose to 98.9 cents on Friday, marking a nearly 16-cent rebound from October’s record low of 83 cents.
The early payment helped avoid a near-term default, but questions remain regarding the company’s capacity to pay its long-term debt.
Ahmad said that Pakistan must return approximately $25 billion in the fiscal year 2022-23, but the majority of this debt has been refinanced or repaid.
 made the payment for a $1 billion Sukuk bond on Friday.){kind=link}