The Ministry of Finance anticipates rolling over $12 billion in debt from friendly nations. Sources reveal that authorities are pursuing rollovers of $5 billion from Saudi Arabia, $3 billion from the UAE, and $4 billion from China for the fiscal year 2024-25.
Sources suggest the possibility of new financing arrangements with China being integrated into the forthcoming federal budget. Alongside, it’s anticipated that the IMF loan program will contribute over $1 billion in additional funds for the next fiscal year. Moreover, budget estimates account for fresh external financing from institutions like the World Bank and the Asian Development Bank (ADB).
Finance Ministry sources emphasize that new loan programs are on the horizon. The federal government is actively preparing to engage with various lending partners to streamline and expedite the process.
