- Beijing exceeds $ 2.1 billion, refinance another $ 1.3 billion loan.
- Reserves to reach the target of $ 14 billion required by the IMF.
- China remains the largest bilateral creditor in Pakistan.
China exceeded $ 3.4 billion in Pakistan loans, with other recent commercial and multilateral loans, will strengthen Pakistan’s exchange reserves at $ 14 billion, a source from the Ministry of Finance said on Sunday.
Beijing rose more than $ 2.1 billion, which has been in the Central Bank of Pakistan for three years, and has refined an additional $ 1.3 billion commercial loan, which Islamabad had paid two months ago, said the source.
Another billion dollars of Middle East commercial banks and $ 500 million in multilateral funding have also been received, he said.
“This brings our reservations in accordance with the IMF’s objective,” he said.
Loans, especially Chinese, are essential to strengthen the low foreign reserves in Pakistan, that the IMF should exceed $ 14 billion at the end of the current year on June 30.
The Pakistani authorities claim that the country’s economy has stabilized through current reforms in the context of a bailout of the IMF of $ 7 billion.
Earlier, on March 9, 2025, China extended the reimbursement period for a loan of $ 2 billion in Pakistan, confirmed the Ministry of Finance.
About 92% of Pakistan’s external debt is due to three major sources, including multilateral and bilateral creditors as well as international obligations, according to news.
Among the bilateral creditors, China is at the top while keeping the total of the debt and external liabilities.
Pakistan exchange reserves owned by State Bank of Pakistan (SBP) decreased by $ 2.66 billion over the week ending on June 20, 2025, bringing the central bank reserves to $ 9.06 billion, according to data published by the SBP.