Islamabad: Advisor to Finance Minister Khurram Schehzad has announced that Pakistan has been repaying its debt before maturity at an unprecedented scale starting from late 2024, marking a first in the country's history. In a statement on his X handle, Schehzad highlighted that in just 14 months, the Ministry of Finance, Government of Pakistan, has early-retired 3,654 billion rupees of domestic debt owed to the market and the State Bank of Pakistan.

According to Radio Pakistan, the latest repayment of 300 billion rupees was made to the State Bank of Pakistan today. Khurram Schehzad described this significant accomplishment as a decisive shift toward fiscal discipline, credibility, and responsible economic management. He noted that Pakistan's debt-to-GDP ratio, which was around 74% in Fiscal Year 2022, has declined to approximately 70%. This reduction reflects a broader strengthening of fiscal fundamentals and disciplined debt management.

Schehzad emphasized that Pakistan is moving away from decades of debt-heavy practices and is now focusing on repayment, risk reduction, and sustainability as core elements of fiscal management. The Advisor to the Finance Minister stated that these efforts have resulted in restored credibility, stronger resilience, and a more secure economic future for the country.