Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Dollar Holds Near Two-Month High as Yen Approaches 160 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Add as a preferred source on Google
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%.
