Islamabad: Pakistan has achieved a significant fiscal milestone by successfully retiring 500 billion rupees in debt owed to the State Bank of Pakistan, four years ahead of its scheduled maturity in 2029. This accomplishment was shared by Advisor to Finance Minister Khurram Schehzad in a post on social media platform X.

According to Radio Pakistan, the early retirement of this debt underscores the government's commitment to proactive and disciplined financial governance. The move is expected to reduce concentration risk, lower future liabilities, and strengthen the country's macroeconomic foundation by decreasing reliance on borrowing.

The decision to settle the debt ahead of time is seen as a strategic effort to improve fiscal health and ensure long-term economic stability. By reducing the debt burden on the national treasury, the government aims to create more room for sustainable economic growth and development.