Pakistan plans to repay a USD 1 bln foreign debt from a 10-year Eurobond maturing mid-month, reducing its stock of international market bonds to below USD 7 bln and reinforcing its capacity to meet forthcoming debt obligations. Although the repayment will temporarily reduce Pakistan’s foreign exchange reserves, the expected USD 1.1 bln tranche from the IMF by the end of April should bolster reserves to over USD 8 bln.