Overview
- Finance Minister Muhammad Aurangzeb confirmed on Wednesday that Saudi Arabia rolled over a $3 billion deposit, extending the repayment deadline and lowering immediate cash demands on Islamabad.
- The finance ministry told a Senate panel that Pakistan faces gross external repayments of about $21.5 billion for the cycle and has roughly $7.3 billion in bilateral rollovers available to offset part of that bill.
- Pakistan’s foreign exchange reserves stand at about $21.5 billion, which the government says covers roughly three months of imports and that officials are targeting four months of import cover by year‑end.
- An IMF Executive Board review and a likely December disbursement of about $1.2 billion are expected to provide further relief while a proposed $10 billion U.S. liquidity facility remains uncertain.
- Officials say they will replace costly short-term loans with longer-maturity market instruments after raising $3 billion in a September Eurobond and planning five- and ten-year tranches to smooth refinancing and cut servicing costs.