In 10 months, Pakistan gets $6b in loans, grants
Pakistan faces over $8 billion in external debt maturities in FY25 (excluding $13 billion in routinely rolled-over bilateral loans) and any delay in debt rollovers can put the IMF programme at risk. photo: file
In the first ten months of the fiscal year 2024-25 (July to April), Pakistan received over $6 billion in foreign loans and grants. However, the total external inflows reach $14.1 billion, when IMF funding and rollovers from friendly countries are included.
The annual target for 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 is in addition to other inflows. Saudi Arabia, the UAE, and China rolled over deposits worth $6 billion during the period.
From July to April, Pakistan received $2.97 billion from international financial institutions. Countries including China and the United States provided an additional $370 million in bilateral loans. The country also secured $760 million in foreign commercial loans.
According to documents, Pakistan raised $1.61 billion through the Naya Pakistan Certificates. Over $3 billion was received as budgetary support, while $2.63 billion was directed towards development projects.