Pakistan Wants $3.3 Billion Loan From China

Pakistan is trying to get a $3.3 billion loan from Chinese banks, including a $2 billion syndicated loan and a $1.3 billion refinancing of an earlier repaid commercial loan. The agreements are expected to be finalized on June 30, 2025. A consortium of Chinese banks will provide the $2 billion syndicated loan for a three-year term. The $1.3 billion refinancing will come from the Industrial and Commercial Bank of China (ICBC). If disbursed on time, the loans could push the State Bank of Pakistan’s foreign exchange reserves beyond $14 billion. In rupee terms, the loans would inject approximately Rs. 924 billion into the economy. Separately, data from the Economic Affairs Division shows that Saudi Arabia provided $100 million in May 2025 for an oil facility, though its specific use remains unconfirmed.