Pakistan has requested China to expand its currency swap line by 10 billion yuan ($1.4 billion), Finance Minister Muhammad Aurangzeb revealed during the IMF and World Bank Spring Meetings in Washington. The country already holds a 30 billion yuan swap line with China and aims to increase it to 40 billion yuan to strengthen financial stability. China’s central bank has been promoting currency swaps with several emerging markets, including Argentina and Sri Lanka.
Aurangzeb also confirmed progress towards issuing Pakistan’s first Panda bond, a debt instrument denominated in Chinese yuan for China’s domestic market. Discussions with the Asian Infrastructure Investment Bank (AIIB) and Asian Development Bank (ADB) for credit enhancements have been positive. The government hopes to launch the bond by the end of 2025 to diversify its funding sources.
In parallel, Pakistan expects the IMF Executive Board to approve a $1.3 billion climate resilience loan and the first review of its ongoing $7 billion bailout program by early May. Approval would release a $1 billion tranche crucial for maintaining economic stability.
Tensions with India have worsened following the killing of 26 people at a tourist site, with both countries imposing retaliatory measures. Trade between India and Pakistan, already minimal, stood at just $1.2 billion last year.
Despite regional instability, Aurangzeb forecasts Pakistan’s economic growth at around 3% for the financial year ending June 2025, aiming for 4–5% growth next year and a long-term target of 6%.


U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Thailand Inflation Remains Negative for 10th Straight Month in January
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 



