Islamabad clears major external debt obligations in July, including a $1.4 billion Chinese loan repayment and $800 million in other payments.
Image: Minute Mirror
Pakistan has repaid a $1.4 billion Chinese loan, while awaiting confirmation of refinancing arrangements to help manage its external financing needs.
The country serviced around $2.2 billion in external debt obligations during July, including the Chinese repayment and an additional $800 million in other payments, according to officials familiar with the matter.
The repayment comes as Pakistan continues efforts to maintain foreign exchange stability and strengthen its external financing position through support from international partners and financial institutions.
Officials have been working on securing refinancing arrangements to ease near-term repayment pressures and ensure smooth management of the country’s debt obligations.
The development highlights Pakistan’s ongoing focus on meeting international financial commitments while seeking continued cooperation from key partners, including China, amid broader economic stabilization efforts.