HomeLatestForeign loans to Pakistan hit $5.17bn in seven months

Foreign loans to Pakistan hit $5.17bn in seven months

The Economic Affairs Division has released data on foreign loans received by Pakistan during the first seven months of the current fiscal year.

According to official documents, Pakistan secured a total of $5.17 billion in external financing from July to January. This represents an increase compared to the same period last year, when $4.584 billion in foreign assistance was received.

The release of the data had been delayed, likely due to ongoing review talks between Pakistan and the International Monetary Fund. The information was formally published after the completion of these discussions.

Of the total $5.17 billion, bilateral loans amounted to $931.88 million. Saudi Arabia was the largest contributor, providing $708 million, while China extended $269.42 million in guaranteed loans.

During the same period, Saudi Arabia also supported Pakistan through a deferred oil payment facility, disbursing $700 million in installments of $100 million per month.

Other bilateral contributions included $72.28 million from China, $71.15 million from Denmark, $26.73 million from France, $5.45 million from Germany, $15.53 million from Japan, $9.49 million from South Korea, $22.06 million from Kuwait, and $0.49 million from the United States.

The data highlights Pakistan’s continued reliance on a mix of bilateral and multilateral foreign funding to support its fiscal and development needs.

LEAVE A REPLY

Please enter your comment!
Please enter your name here