Pakistan Confident of Meeting IMF Loan Conditions

Pakistan is confident of fulfilling a key International Monetary Fund (IMF) condition by ensuring timely external loans and rollovers from partner countries.

According to the Ministry of Finance, the government expects the rollover of $12 billion in deposits from Saudi Arabia, China, and the United Arab Emirates, all of whom have assured Pakistan of their continued financial support. Currently, Saudi Arabia holds $5 billion in time deposits in Pakistan’s reserves, while the UAE has $3 billion and China $4 billion in safe deposits.

Out of the $26 billion in external debt obligations for the current fiscal year, Pakistan has already repaid $3.5 billion, which includes $1.5 billion in cash and $2 billion through rollovers. The Finance Ministry emphasized that repayment of the remaining obligations will also be ensured on time.

Officials further confirmed that, in line with IMF requirements, all loans from allied countries will be rolled over. Additionally, Pakistan has arranged for the payment of a $500 million Eurobond due on September 30, with sources clarifying that this will not add extra pressure on the country’s foreign reserves.

The ministry expressed confidence that the financing gap will be bridged through consistent partner support. Meanwhile, Prime Minister Shehbaz Sharif has instructed authorities to seek “broader concessions amid floods and heavy rains” during the ongoing IMF review talks.