Saturday, June 28, 2025
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FinMin to Visit China for $15 Billion Loan Rescheduling Talks

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Finance Minister Muhammad Aurangzeb will embark on a visit to China on Tuesday.

Sources close to the development said that the finance minister’s visit aims at Pakistan’s efforts to reschedule a $15 billion loan from Beijing. A joint working group is expected to be set up between Pakistan and China to facilitate the loan rescheduling.

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Discussions will also address China’s energy circular debt, currently amounting to Rs480 billion. The Finance Minister will engage in talks regarding the Panda Bond, with Pakistan aiming to secure a $250 million Panda Bond during this visit.

Earlier this year, China rolled over a $2 billion loan to Pakistan, which was due in March and extended for one year.

Finance Minister Aurangzeb Confident In Eliminating the Concept of Non-Filer

Pakistan is making attempts to stabilize from a financial crisis, having secured a $3 billion standby arrangement from the International Monetary Fund last summer.

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Rating agency Fitch recently noted that Pakistan’s vulnerable external position means securing financing from multilateral and bilateral partners will be among the most urgent issues facing the next government.

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