Pakistan is working to secure $3.3 billion in funding from Chinese financial institutions, which includes a $2 billion syndicated loan and $1.3 billion in refinancing for a previously repaid commercial loan. The deals are expected to be finalized by June 30, 2025.
A group of Chinese banks will offer the $2 billion syndicated loan for a period of three years, while the Industrial and Commercial Bank of China (ICBC) will handle the $1.3 billion refinancing.
If the funds are released as planned, Pakistan’s foreign exchange reserves held by the State Bank could exceed $14 billion.
The total loan amount, when converted into local currency, would add nearly Rs924 billion to the domestic economy.
Meanwhile, records from the Economic Affairs Division reveal that Saudi Arabia disbursed $100 million in May 2025 under its oil facility, though details about how the funds were used remain unclear.