China rolls over $600 million loan to Pakistan

A foreign currency dealer counts US dollar notes at a currency market in Karachi on July 19, 2022. (AFP/File)
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Updated 18 July 2023
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China rolls over $600 million loan to Pakistan

  • This was in addition to over $5 billion that China has rolled over for Pakistan in the last three months
  • $3 billion support from Saudi and UAE helped steady Pakistani economy as IMF gave $3 billion bailout 

ISLAMABAD: China has rolled over a $600 million loan to Pakistan, helping shore up the South Asian country’s foreign exchange reserves on the back of an IMF deal, Prime Minister Shehbaz Sharif said on Tuesday.

This was in addition to over $5 billion in loans that longtime ally China has rolled over for Pakistan in the last three months, Sharif said last week, helping Pakistan avert a default as negotiations to secure the IMF bailout dragged on.

Pakistan secured a last-gasp $3 billion IMF bailout on June 30, which later disbursed an initial upfront instalment of about $1.2 billion.

A further $3 billion of financial support from Saudi and the UAE after the IMF pact has helped steady the Pakistani economy, according to Finance Minister Ishaq Dar.

Pakistan’s central bank said on Tuesday the current account recorded a surplus of $334 million in June.


Pakistan assembly speaker warns opposition against anti-state remarks in parliament

Updated 17 January 2026
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Pakistan assembly speaker warns opposition against anti-state remarks in parliament

  • Ayaz Sadiq says criticism of judiciary and armed forces will not be allowed on assembly floor
  • He calls violence during protests unacceptable, vows neutrality as National Assembly speaker

ISLAMABAD: Pakistan’s National Assembly Speaker Sardar Ayaz Sadiq said on Saturday that opposition lawmakers would not be allowed to speak against Pakistan, the judiciary or the armed forces on the floor of parliament, calling such remarks unacceptable.

Speaking to reporters during a visit to the eastern city of Lahore, Sadiq said parliamentary debate must remain within constitutional and legal limits, while reiterating his commitment to act impartially as speaker.

“No one will be allowed to speak against Pakistan, the judiciary or the armed forces on the floor of the National Assembly,” Sadiq said. “Negative or controversial remarks about judges or the armed forces are unacceptable.”

His comments come amid heightened political tensions after opposition groups held protests in the past, criticizing state institutions and targeting government and military properties.

The speaker said peaceful protest was a democratic right but drew a sharp line at violence and vandalism.

“Protest is the right of every citizen in a democratic society, but it must remain peaceful and within the bounds of the constitution and the law,” he continued, adding that arson, damage to property and the use of sticks or weapons in the name of protest were “unacceptable” and posed a threat to the rule of law.

“No opposition lawmaker will be allowed to speak on the National Assembly floor if they speak against Pakistan,” Sadiq said.

The speaker also noted the country’s economic indicators were gradually improving, citing an increase in foreign exchange reserves, and said Pakistan had further strengthened relations with countries including the United States, China, Russia, Türkiye and Saudi Arabia.