{"id":78988,"date":"2025-06-29T21:02:32","date_gmt":"2025-06-29T16:02:32","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=78988"},"modified":"2025-06-29T21:02:32","modified_gmt":"2025-06-29T16:02:32","slug":"china-extends-3-4b-loan-for-pakistan","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/china-extends-3-4b-loan-for-pakistan\/","title":{"rendered":"China extends $3.4b loan for Pakistan"},"content":{"rendered":"<p>ISLAMABAD: China on Sunday extended a $3.4 billion commercial loan to Pakistan, a major relief to its ailing economy.<\/p>\n<p>The move has helped Pakistan reach the critical level of $14 billion in reserves as per the conditions set by the International Monetary Fund (<a href=\"https:\/\/dailyausaf.com\/en\/business\/chicken-prices-set-to-rise-as-govt-imposes-rs36-billion-in-new-taxes-to-meet-imf-demands\/\">IMF<\/a>), a leading news agency reported.<\/p>\n<p>The rollover includes $2.1 billion that was deposited with the State Bank of Pakistan (<a href=\"https:\/\/dailyausaf.com\/en\/business\/sbp-maintains-the-interest-rate-at-11-percent\/\">SBP<\/a>) for the past three years, now extended once again.<\/p>\n<p>Moreover, $1.3 billion in commercial loans that were disbursed two months ago have also been renewed, easing the pressure on immediate repayment.<\/p>\n<p>In addition to the Chinese assistance, Pakistan has secured $1 billion in commercial financing from Middle Eastern banks, further strengthening the country\u2019s liquidity position.<\/p>\n<p>Additionally, the government has secured $500 million in multilateral financing, which has increased its reserves.<\/p>\n<p>The financial assistance comes at a critical time as Pakistan is working to meet the IMF\u2019s requirement to maintain foreign reserves of $14 billion by June 30.<\/p>\n<p>The fund\u2019s terms are linked to Pakistan\u2019s ongoing negotiations for a new long-term lending program, which is expected to follow the recently completed $3 billion Stand-By Arrangement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: China on Sunday extended a $3.4 billion commercial loan to Pakistan, a major relief to its ailing economy. The move has helped Pakistan reach the critical level of $14 billion in reserves as per the conditions set by the International Monetary Fund (IMF), a leading news agency reported. The rollover includes $2.1 billion that [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":9951,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[470,572,160,138],"class_list":["post-78988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-china","tag-sbp","tag-imf","tag-pakistan"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/78988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=78988"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/78988\/revisions"}],"predecessor-version":[{"id":78989,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/78988\/revisions\/78989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/9951"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=78988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=78988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=78988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}