China rolls over $3.4 billion of commercial loans to Pakistan, says source

By Reuters

June 29, 2025 12:01 PM UTC Updated ago

KARACHI, Pakistan, June 29 (Reuters) – China has rolled over $3.4 billion in loans to Islamabad, which together with other recent commercial and multilateral lending will boost Pakistan’s foreign exchange reserves to $14 billion, a finance ministry source said on Sunday.

Beijing rolled over $2.1 billion, which has been in Pakistan’s central bank’s reserves for the last three years, and refinanced another $1.3 billion commercial loan, which Islamabad had paid back two months ago, the source said.

Sign up here.

Another $1 billion from Middle Eastern commercial banks and $500 million from multilateral financing have also been received, he said.

“This brings our reserves in line with the IMF target,” he said.

The loans, especially the Chinese ones, are critical to shoring up Pakistan’s low foreign reserves, which the IMF required to be over $14 billion at the end of the current fiscal year on June 30.

Pakistani authorities say that the country’s economy has stabilised through ongoing reforms under a $7 billion IMF bailout.

Reporting by Ariba Shahid; Writing by Asif Shahzad; Editing by Susan Fenton

Our Standards: The Thomson Reuters Trust Principles. , opens new tab

Suggested Topics:

China

Purchase Licensing Rights

Read Next

China category Hong Kong’s last active pro-democracy group says it will disband

9:44 AM UTC · Updated ago

Sustainability category Heavy rain hits China’s flood-stricken Guizhou for second time in a week

June 28, 2025

China category US says deal with Beijing will expedite rare earth exports from China

June 27, 2025

Legal category Exclusive: Trump plans executive orders to power AI growth in race with China

June 27, 2025

World

Republican Senator Mullin says babies born in US should be deported if parents are

United States category · June 29, 2025 · 3:25 PM UTC · ago

NBC’s Kristen Welker asked Mullin what should happen to babies born in the U.S. whose parents are deported, given that the children are citizens.

United States category Trump’s tax-cut, spending bill clears first US Senate hurdle

3:23 PM UTC · Updated ago

category Ukraine F-16 pilot killed in large-scale Russian attack

3:19 PM UTC · Updated ago

Middle East category Iran says 71 killed in Israeli strike on Evin Prison

3:16 PM UTC · Updated ago

Sustainability category US-Canada trade talks stopped until certain taxes dropped, Trump tells Fox News

3:09 PM UTC · Updated ago

Read More