Gov of Pak Secures USD 3.4 Billion loan via Rollover due to IMF Commitment

It is expected that Pakistan will not be able to secure a China rollover externally, which amounts to USD 3.4 billion. Pakistan's forex reserve has declined to USD 9.0 billion for the date of June 19th, 2025, which created a bit of panic in the market. However, the State Bank of Pakistan has clarified that they secured around USD 3.7 billion during the week of 26th June 2025, which will be reflected this week on Thursday, 3rd July 2025. 

Moreover, it is expected that the Chinese rollover will be reflected this week as well in the weekly update provided by the State Bank of Pakistan this week. The State Bank of Pakistan provides weekly updates on its forex reserves. However, the government of Pakistan has taken some strict measures regarding LCs, and they are now allowing some unnecessary items to be imported. It is also said by some bankers that the State Bank of Pakistan wants exports to increase; that is why they are allowing devaluation of the PKR against the USD, and now the rate is near 284 against the USD. 

Therefore, it is expected that Pakistan's foreign reserve figures for this week, which will be published this week on Thursday, will be updated by USD 14 billion, which will align with IMF demand and boost market sentiments as well. It is also expected that the Pakistani rupee will be adjusted further against the US to make exports competitive in the market and compete against the likes of India, Sri Lanka, and Bangladesh.