Latest News

Official data: Foreign funding to Pakistan up 83% YoY basis

Published

on

The country has witnessed a large increase in foreign finance during the current fiscal year, as per official statistics that has shown a significant jump in external inflows compared to the last year.

The country got $11 billion in external loans between July and April, up by roughly 83% from $6 billion in the same time last year, according to the Ministry of Economic Affairs.

Both bilateral and multilateral inflows had aided the rise in foreign financing, as had deferred payment arrangements and rollovers of existing deposits.

The ministry said overall external financial inflows during the period included $8.31 billion of non-project financing and $2.7566 billion of project financing.

Pakistan also got $120 million in grants over the same time compared with $570 million in the same period last year.

Much of the inflows came in April 2026 alone, when the country received roughly $4.5 billion.

Saudi Arabia was among the primary contributors, providing a $1 billion oil finance facility through deferred payment agreements. The Islamic Development Bank provided loans of $480 million.

Multilateral lenders also made a major contribution, including $1.924 billion from the Asian Development Bank and $1.6639 billion from the World Bank Group.

The article also stated that $3 billion in deposits from Saudi Arabia had already been rolled over, with an additional $9 billion in safe deposit rollovers planned from Saudi Arabia and China throughout the fiscal year.

Pakistan repaid $3 billion to United Arab Emirates in April 2026. In sum, the Ministry of Economic Affairs forecasts the overall external inflows for the current financial year to be $19.39 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Exit mobile version