[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]Pakistan’s central bank reserves are anticipated to remain around $8.7 billion this week, thanks to China’s approval of a one-year rollover for $1 billion in SAFE (State Administration of Foreign Exchange) deposits.
The deposit, which was initially set to mature by the end of July, has been refinanced by China, meeting the external financing pre-conditions set by the International Monetary Fund for rolling over maturing debt.
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This move comes after China previously granted a $1 billion rollover of SAFE deposits in 2022-23. Pakistan’s total external debt stands at $100.52 billion, with $29.59 billion of it financed by China..[/vc_column_text][/vc_column][/vc_row]
