Pakistan requests extra US$1.4bil on China swap line


Pakistan Finance Minister Muhammad Aurangzeb interview at the IMF and World Bank’s 2024 annual Spring Meetings in Washington, U.S., April 18, 2024. REUTERS/Ken Cedeno/

Islamabad: Pakistan has put in a request to China to augment its existing swap line by 10 billion yuan (US$1.4bil), Finance Minister Muhammad Aurangzeb says, adding he expected the country would launch a Panda bond before year-end.

Pakistan has an existing 30 billion yuan swap line already, Aurangzeb told Reuters in an interview on the sidelines of the International Monetary Fund (IMF) and World Bank Group spring meetings in Washington.

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Pakistan , China , Swap line , IMF , bailout

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