Islamabad: The Ministry of Finance has rejected what it described as misleading media reports regarding Pakistan's sovereign financing, stating that all financing decisions have been made in accordance with legal and regulatory requirements.

In a statement issued on Sunday, the Ministry said the issuance of Eurobonds and Pakistan's first Panda Bond was carried out in full compliance with applicable legal and regulatory procedures.

The Ministry said it was inappropriate to compare Eurobonds and Panda Bonds solely on the basis of interest rates or maturity periods, as sovereign financing decisions are based on multiple factors, including pricing, tenor, market conditions, financing costs and associated risks.

It said the government selects the most appropriate financing option in line with its Medium-Term Debt Management Strategy.

The Ministry further clarified that administrative matters relating to institutional appointments have no bearing on the legality, transparency or integrity of sovereign financing transactions.

It added that the Debt Management Office and the Finance Division possess the necessary expertise and institutional capacity to manage Pakistan's sovereign financing requirements effectively.

The Ministry warned that inaccurate and misleading information could undermine investor confidence, damage Pakistan's international financial credibility and adversely affect future borrowing.

Reaffirming its commitment to transparency, professionalism and prudent debt management, the Ministry urged that public discourse on financial matters be based on facts, complete information and responsible reporting.