Pakistan Studies Digital Tokens for Eurobond Debt

Pakistan is exploring the conversion of its existing Eurobond debt into digital tokens. Finance Minister Muhammad Aurangzeb says the proposal is awaiting Cabinet approval before inviting bids.

Eurobond debt is money Pakistan already owes through eurobonds. Digital tokens would be a new form for that debt, and exploring means the idea is being studied, not that the conversion has happened. Cabinet approval is the step still required. Inviting bids would come after that approval. The update does not give the size of the debt or a timetable.

Where the Eurobond debt plan stands

It is a proposal to turn existing Eurobond debt into digital tokens. Muhammad Aurangzeb says Cabinet approval comes first, and bids come after that. No conversion has been completed in this update.

Our verdict

Pakistan is looking at converting existing Eurobond debt into digital tokens. Cabinet approval is still pending, and bids have not been invited yet.

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