{"id":10126,"date":"2025-06-30T09:26:38","date_gmt":"2025-06-30T04:26:38","guid":{"rendered":"https:\/\/www.asiafreepress.com\/?p=10126"},"modified":"2025-06-30T09:26:39","modified_gmt":"2025-06-30T04:26:39","slug":"china-rolls-over-3-4-billion-loans-to-pakistan","status":"publish","type":"post","link":"https:\/\/www.asiafreepress.com\/en\/asia\/china-rolls-over-3-4-billion-loans-to-pakistan\/","title":{"rendered":"China rolls over $3.4 billion loans to Pakistan"},"content":{"rendered":"<p>China has rolled over $3.4 billion in loans to Pakistan, two senior Pakistani government officials told&nbsp;<em>Reuters<\/em>&nbsp;on Sunday, in a move that will help boost Islamabad\u2019s foreign exchange reserves, a requirement of the International Monetary Fund (IMF).<\/p>\n\n\n\n<p>Beijing rolled over $2.1bn, which has been in Pakistan\u2019s central bank\u2019s reserves for the last three years, and refinanced another $1.3bn commercial loan, which Islamabad had paid back two months ago, the sources said.<\/p>\n\n\n\n<p>The officials asked not to be named as they were not authorised to discuss the matter publicly ahead of an official announcement.<\/p>\n\n\n\n<p>Another $1bn from Middle Eastern commercial banks and $500 million from multilateral financing have also been received, one of the officials said.<\/p>\n\n\n\n<p>\u201cThis brings our reserves in line with the IMF target,\u201d he said.<\/p>\n\n\n\n<p>The loans, especially those from China, are critical to shoring up Pakistan\u2019s low foreign reserves, which the IMF&nbsp;<a href=\"https:\/\/www.dawn.com\/news\/1920443\">required<\/a>&nbsp;to be over $14bn at the end of the current fiscal year on June 30.<\/p>\n\n\n\n<p>Pakistani authorities say that the country\u2019s economy has stabilised through ongoing reforms under a $7bn&nbsp;<a href=\"https:\/\/www.dawn.com\/news\/1909691\">IMF bailout.<\/a><em><\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>China has rolled over $3.4 billion in loans to Pakistan, two senior Pakistani government officials told&nbsp;Reuters&nbsp;on Sunday, in a move that will help boost Islamabad\u2019s foreign exchange reserves, a requirement of the International Monetary Fund (IMF). Beijing rolled over $2.1bn, which has been in Pakistan\u2019s central bank\u2019s reserves for the last three years, and refinanced [&hellip;]<\/p>","protected":false},"author":10,"featured_media":10127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,81,396,82],"tags":[],"class_list":["post-10126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia","category-china","category-latest","category-paksitan"],"_links":{"self":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/posts\/10126"}],"collection":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/comments?post=10126"}],"version-history":[{"count":0,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/posts\/10126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/media\/10127"}],"wp:attachment":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/media?parent=10126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/categories?post=10126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/tags?post=10126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}