Pakistan Requests $1.4 Billion Boost to Swap Line with China

WORLD NEWS

By Aniket Chakraborty Apr 28, 2025 Arrow

Finance Minister Muhammad Aurangzeb confirmed the request in an interview at the IMF Spring meetings in Washington.

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The new swap line will provide Pakistan with greater access to yuan, helping stabilize its economy.

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Alongside the swap line, Pakistan plans to launch its first Panda bond on China's domestic market.

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Talks with the AIIB and ADB are progressing for credit enhancements on the Panda bond issue.

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The bond issue aims to diversify Pakistan’s lending sources and attract more foreign investment.

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Aurangzeb also expects the IMF to approve a $1.3 billion climate resilience loan program in May.

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The approval will unlock a $1 billion payout, further stabilizing Pakistan’s economy.

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The recent terror attack in Pahalgam has strained Pakistan-India relations, impacting trade and diplomatic ties.

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Despite challenges, Pakistan projects a 3% growth for the current financial year and targets 6% growth in the long-term.

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