Pakistan repays $1 billion worldwide bond, central financial institution spokesman says

ISLAMABAD, Dec 2 (Reuters) - Pakistan repaid a $1 billion worldwide bond, the central financial institution spokesman mentioned on Friday, amidst rising uncertainty concerning the nation's means to fulfill exterior financing obligations.

The South Asian nation's economic system has been beset by a number of crises, together with the fallout of devastating floods that killed 1,700 individuals, low international alternate reserves and a long time excessive inflation.

"The fee (was) made to Citibank New York," State Financial institution of Pakistan (SBP) spokesman Abid Qamar instructed Reuters in a message.

The bond reimbursement, which matures on Dec. 5, totals $1.08 billion, the central financial institution chief mentioned last week.

In the course of the week ended Nov. 25, SBP reserves stood at $7,498.7 million. It has since acquired $500 million from the Asian Infrastructure Funding Financial institution.

Saudi Arabia on Friday additionally extended the term of a $3 billion deposit it has in Pakistan's international reserves.