Pakistan to Link Digital Payment System with Arab “Buna” Platform, Prepares for Eurobond Payment

Islamabad, Pakistan has decided to integrate its digital payment system with the Arab Monetary Fund’s (AMF) Buna platform, aimed at facilitating cross-border transactions. The move will allow overseas Pakistanis to remit funds into the country through a secure and regulated channel. However, the system will not permit outward remittances from Pakistan.

Governor of the State Bank of Pakistan, Jameel Ahmad, speaking to reporters after a meeting of the National Assembly’s Standing Committee on Finance, confirmed that the country is also fully prepared to meet its upcoming $500 million Eurobond maturity on September 30. He emphasized that the payment would not put pressure on the nation’s foreign exchange reserves.

The development coincides with the arrival of an IMF review mission in Islamabad later this month, tasked with completing the second review under the Extended Fund Facility (EFF) program.

According to official figures, Pakistan faces external debt servicing obligations of $26 billion during the fiscal year 2025-26.