Pakistan’s finance ministry is considering additional external borrowing through global bond issues and expects budget benefits from a recently concluded Iran-related deal, according to reports from CNA and The Express Tribune. The finance ministry says the government could look to use commercial borrowing as early as 2027 to shift the profile of its external creditors without raising overall external debt levels. The goal is described as managing the composition of creditors rather than increasing the total debt burden. Separately, Pakistan anticipates “budget upside” from the Iran deal, which is expected to improve fiscal conditions through outcomes linked to the agreement. While details of the size, timing, and terms of any new bond issuance are not specified in the available excerpts, both outlets frame the move as part of ongoing debt and financing planning. The reporting indicates Pakistan is balancing market access and creditor management while relying on the Iran deal for potential near-to-medium term support to budget planning.