{"id":102638,"date":"2025-06-30T17:16:39","date_gmt":"2025-06-30T12:16:39","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=102638"},"modified":"2025-06-30T17:16:43","modified_gmt":"2025-06-30T12:16:43","slug":"china-rolls-over-loans-ahead-of-imf-deadline","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/china-rolls-over-loans-ahead-of-imf-deadline.html","title":{"rendered":"China rolls over USD 3.4 bn loans ahead of IMF deadline"},"content":{"rendered":"\n

Islamabad: In a critical financial development, China has extended rollover and refinancing support for USD 3.4 billion in commercial loans to Pakistan, enabling the country to meet the International Monetary Fund\u2019s (IMF) condition of maintaining over USD 14 billion in foreign exchange reserves by the end of the fiscal year on June 30.<\/p>\n\n\n\n

According to official sources, the support includes the rollover of USD 2.1 billion currently parked with the State Bank of Pakistan (SBP) and the refinancing of another USD 1.3 billion loan that Islamabad had repaid two months earlier. The move comes as Pakistan scrambles to shore up its external buffers to comply with the IMF\u2019s Extended Fund Facility (EFF) requirements.<\/p>\n\n\n\n

Read: IMF to address Pak\u2019s economic reform plans with key loan decisions<\/a><\/p>\n\n\n\n

The IMF had required Pakistan to maintain foreign exchange reserves above the USD 14 billion mark by June 30 to stay on track with the ongoing USD 7 billion bailout program. The loans from China have played a vital role in achieving this benchmark.<\/p>\n\n\n\n

In addition to the Chinese support, Pakistan also received USD 1 billion from Middle Eastern commercial banks and USD 500 million from multilateral partners, further strengthening the reserve position. \u201cThis brings our reserves in line with the IMF target,\u201d confirmed an official familiar with the matter.<\/p>\n\n\n\n

Earlier this year, on March 9, China had already extended the repayment period of a USD 2 billion loan by one year. China continues to be Pakistan\u2019s largest bilateral creditor and a key source of external financing. Nearly 92% of Pakistan\u2019s external debt is owed to multilateral and bilateral lenders, with China holding the lion\u2019s share among bilateral partners.<\/p>\n\n\n\n

Read: ADB loan to support women entrepreneurs in Pakistan<\/a><\/p>\n\n\n\n

Despite these inflows, the State Bank of Pakistan\u2019s foreign exchange reserves stood at USD 9.06 billion as of June 20, after a USD 2.66 billion decline in that week. However, the recent disbursements are expected to bring the total reserves above the critical threshold set by the IMF.<\/p>\n\n\n\n

Pakistani authorities have stated that the economy is showing signs of stability due to ongoing reforms under the IMF program, which remains crucial for unlocking future financing and restoring investor confidence.<\/p>\n","protected":false},"excerpt":{"rendered":"

Islamabad: In a critical financial development, China has extended rollover and refinancing support for USD 3.4 billion in commercial loans to Pakistan, enabling the country to meet the International Monetary Fund\u2019s (IMF) condition of maintaining over USD 14 billion in foreign exchange reserves by the end of the fiscal year on June 30. According to official sources, the support includes the rollover of USD 2.1 billion currently parked with the State Bank of Pakistan (SBP) and the refinancing of another USD 1.3 billion loan that Islamabad had repaid two months earlier. The move comes as Pakistan scrambles to shore up its external buffers to comply with the IMF\u2019s Extended Fund Facility (EFF) requirements. Read: IMF to address Pak\u2019s economic reform plans with key loan decisions The IMF had required Pakistan to maintain foreign exchange reserves above the USD 14 billion mark by June 30 to stay on track with the ongoing USD 7 billion bailout program. The loans from China have played a vital role in achieving this benchmark. In addition to the Chinese support, Pakistan also received USD 1 billion from Middle Eastern commercial banks and USD 500 million from multilateral partners, further strengthening the reserve position. \u201cThis brings…<\/p>\n","protected":false},"author":18,"featured_media":62137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[65552,65553,62421,62777,62431,64120,59244,65554,34475,65555,6066],"persona":[],"class_list":{"0":"post-102638","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-china-loans","9":"tag-commercial-loans","10":"tag-external-debt","11":"tag-finance-ministry-pakistan","12":"tag-foreign-reserves","13":"tag-imf-bailout","14":"tag-imf-targets","15":"tag-loan-rollover","16":"tag-pakistan-economy","17":"tag-refinancing","18":"tag-sbp","19":"cat-15017-id"},"acf":[],"yoast_head":"\nChina rolls over loans ahead of IMF deadline - 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