Pakistan has secured more than $3 billion in external loans and grants from July to November of the current fiscal year, marking a significant increase compared to the same period last year.
According to Geo News, Pakistan received $364 million more than the previous year.
Multilateral financial institutions contributed $1.25 billion, while various countries provided around $807.6 million in assistance.
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The report also highlighted that investment in the “New Pakistan Certificates” reached $965.9 million during this period.
Last year, Pakistan had received $2.66 billion in external loans during the first five months.
The largest contributions came from the World Bank, Asian Development Bank (ADB), Islamic Development Bank (IDB), and Saudi Arabia.
The total value of the loans in Pakistani rupees amounted to PKR 858.27 billion.
The document noted that this year’s disbursements represent PKR 117 billion more than the PKR 741 billion received during the same period last year.
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Non-project aid amounted to over PKR 531 billion, including more than PKR 273 billion provided for budget support.
The Islamic Development Bank provided PKR 109 billion in short-term loans, while Saudi Arabia extended an oil facility worth PKR 141.76 billion, equivalent to $500 million.
Additionally, over PKR 327 billion in loans were allocated for various development projects.
On the grants front, Pakistan received PKR 15.32 billion during the five-month period.
Overall, the total external financial assistance for the current fiscal year is estimated to reach nearly $20 billion.
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This steady inflow of funds highlights Pakistan’s continued reliance on external support to bolster its economy and manage development and budgetary requirements.
