In 10 months Pakistan gets $ 6B in loan, grant

Islamabad:

In the first ten months of the financial year 2024-25 (July to April), Pakistan received over $ 6 billion in foreign loans and grants. However, the total external influx of $ 14.1 billion when IMF financing and rollovers from friendly countries are included.

The annual target of external financial assistance is $ 19.39 billion, according to data released by the Economic Affairs division. Sources said the $ 2.1 billion received from the IMF are in addition to other influxes. Saudi Arabia, UAE and China rolled over deposits of a value of $ 6 billion in the period.

From July to April, Pakistan received $ 2.97 billion from international financial institutions. Countries, including China and the United States, gave another $ 370 million in bilateral loans. The country also secured $ 760 million in foreign commercial loans.

According to documents, Pakistan raised $ 1.61 billion through Naya Pakistan certificates. Over $ 3 billion was received as budget support, while $ 2.63 billion was aimed at development projects.

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