By January 10, 2023, Pakistan must repay $1.3 billion in international debts, which could further deplete its foreign exchange reserves.
“There is a due loan repayment of commercial loans to the tune of $1 billion to Dubai-based commercial banks. Now it has come to the surface that there is another loan repayment of $300 million due on account of a sovereign loan extended by Islamabad to the Chinese side for the execution of an important project.
In totality, the due loan repayments in the first ten days of January 2023 stand at $1.3 billion,” top official sources confirmed to The News Agency on Friday.
The State Bank of Pakistan now holds $5.88 billion in foreign exchange reserves, but after making $1.3 billion in repayments over the next 10 days, those reserves will plummet to $4.5 billion if no significant infusion of dollars is obtained from any bilateral or multilateral creditors.
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