In a move to fulfil another International Monetary Fund (IMF) requirement, the Pakistan government has prepared a comprehensive strategy to extend the repayment period of both domestic and external loans.
According to officials, the plan aims to increase the average maturity period for domestic debt from the current 3 years and 8 months to 52 months, while the maturity period for external debt will be extended from the current 6.1 years to 76 months.
The IMF has set 2028 as the deadline for Pakistan to fully implement the new maturity targets.
Sources stated that extending the maturity period will help reduce financing requirements in the coming years.
