Pakistan gets $7bn debt rollover support from 3 countries
MG News | November 05, 2026 at 03:01 PM GMT+05:00
November 05, 2026 (MLN): Pakistan has secured assurances for the rollover of $7.3bn in loans from Saudi Arabia, China and Kuwait, providing support to the country's external financing position for the current fiscal year.
Finance Minister Muhammad Aurangzeb on Wednesday confirmed
that Pakistan had secured a rollover of $3bn in loans from Saudi Arabia.
Speaking to reporters at Parliament House, Muhammad Aurangzeb
said the matter concerning the Saudi loan had been deferred for an appropriate
period following discussions between the two countries. He added that Pakistan
did not currently require any additional financial support from Saudi Arabia.
Meanwhile, China has assured Pakistan of rolling over $4bn
in loans, while Kuwait will extend a rollover of $300m, according to sources in
the Finance Ministry.
The $4bn Chinese loan is due for rollover in March 2027,
while loans from China, Kuwait and Saudi Arabia are expected to be rolled over
for approximately one year, the sources said.
Pakistan is expecting total loan rollovers of $7.3bn from
the three countries to help meet its external financing requirements.
Muhammad Aurangzeb has also said that Pakistan expects to receive
$1.21bn from the International Monetary Fund (IMF) in December.
The expected IMF disbursement, alongside the loan rollovers,
will help Pakistan manage its external financing requirements amid substantial
debt repayment obligations.
Pakistan faces external payments of approximately $21bn
during the current fiscal year, including $7.3 billion expected to be covered
through loan rollovers.
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