Pakistan Seeks Chinese Swap Line Expansion
Pakistan plans to request a larger yuan swap line from China when the facility expires in 2027 and anticipates a United States financing decision soon. Finance Minister Muhammad Aurangzeb confirmed no additional IMF funding is currently planned.
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Pakistan will seek an expansion of its 30 billion yuan currency swap line with China when the facility expires in 2027, Finance Minister Muhammad Aurangzeb said. The move comes as Islamabad relies heavily on external partners to bolster foreign exchange reserves. Aurangzeb expects a Washington policy decision within two months on a proposed $10 billion exchange stabilisation facility.
