KARACHI: Pakistan faces another challenging year of external debt servicing in FY26, requiring significant rollovers to manage repayments totalling $25.9 billion, including $22bn in principal and $4bn in interest.

According to a report by Topline Securities, the country will need to arrange a net financing of $10bn, comprising $6bn in principal and $4bn in interest, after accounting for expected rollovers and refinancing.

In a briefing to analysts and researchers after announcing a status quo in the monetary policy on Wednesday, State Bank Governor Jameel Ahmed said foreign exchange reserves are projected to reach $15.5bn by December 2025 and $17.5bn by June 2026. Any proceeds from international bond issuances, such as Eurobonds or Sukuk, would be........

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