Pakistan’s parliament has approved the creation of a USD 8 bln sovereign wealth fund. Authorities anticipate about half of its maturing debt, equivalent to USD 11.3 bln out of USD 24.5 bln due this fiscal year, to be rolled over, with the remainder covered by inflows. Pakistan’s FX reserves have almost doubled to USD 8.19 bln since receiving an IMF loan, and the central bank projects reserves to surpass USD 10 bln by June 2024, sufficient to cover two months of imports.